1566 Reed Ave - Apartments FOR SALE


San Diego, CA 92109- Pacific Beach
$2,100,000 USD
859-433-8741
1566 Reed Ave, San Diego, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/24
null | 3.64% Cap Rate

1566 Reed Ave
San Diego, CA 92109
Pacific Beach


HIGHLIGHTS

  • Highly desirable Pacific Beach / Crown Point location with strong rental demand
  • Three charming cottage-style units, each with a private yard space
  • Two units with updated kitchens and baths; one newly built in 2024
  • Each unit includes an in-unit stackable LG WashTower
  • New unit features split-system A/C and heat; others have window A/C

OVERVIEW

1566 Reed Ave presents the rare opportunity to acquire a charming 3-unit multifamily property in the highly desirable Crown Point neighborhood of Pacific Beach. Located just blocks from Mission Bay, beaches, Trader Joe’s, restaurants, cafés, and nightlife, the property offers an exceptional coastal lifestyle with strong and consistent rental demand. The property consists of three private cottage-style 1-bedroom / 1-bathroom units, including a newly constructed rear unit and two newly updated front units featuring modern finishes and thoughtful design. Residents benefit from private fenced yard spaces, in-unit laundry, air conditioning, quartz countertops, stainless appliance package and tiled bathrooms. 1566 Reed Ave offers investors the opportunity to acquire a turnkey coastal asset in one of San Diego’s most sought-after and supply-constrained beach communities, positioned for long-term appreciation and continued tenant demand.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$1,391 USD /SF

# OF UNITS

3

PRICE/UNIT

$700,000

CAP RATE

3.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crown Point Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,184 SF

ZONING

RM-1-1

APN/PARCEL ID

423-193-18

ASK ABOUT THIS PROPERTY

Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.