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Residential Income for sale : 3 bedrooms : 1566 Reed Ave in San Diego

1566 Reed Ave San Diego

Main Photo: Residential Income for sale : 3 bedrooms : 1566 Reed Ave in San Diegobanner
$2,150,000
Prop. Type:
Residential Income
MLS® Num:
260009478
Status:
Active
Bedrooms:
3
Bathrooms:
3
Year Built:
1941
1566 Reed Ave presents a rare opportunity to acquire a charming three-unit cottage-style property in the highly sought-after Pacific Beach / Crown Point neighborhood of San Diego. The property is comprised of three one-bedroom, one-bathroom units, each offering its own private yard and a unique residential feel that stands out from typical multifamily product in the area. The property features a strong mix of improvements, including two units with renovated kitchens and baths, as well as a newly constructed unit completed in 2024. All units are equipped with in-unit LG Washtower laundry, stainless steel appliances, and air conditioning, with the new unit featuring a split-system HVAC and the others outfitted with window AC units. Interior finishes include quartz countertops and tiled showers throughout. With its desirable coastal location, private outdoor spaces, and attractive unit upgrades, 1566 Reed Ave offers investors a compelling blend of lifestyle appeal and long-term rental demand.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
2
County Or Parish:
San Diego
Market Area:
Coastal South
Neighborhood Code:
pacific beach
Name of Complex/Subdivision:
PACIFIC BEACH
Building Name:
Crown Point Cottages
Total Building Area:
Switch units of measure1,510 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
3
Bathrooms:
3
Full Bathrooms:
3
Half Bathrooms:
0
Stories:
1 Story
Total Stories:
1
Year Built:
1941
Age (in years):
Switch units of measure85 year(s)
Short Sale:
false
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Other/Remarks
Cap Rate.:
3.5
Gross scheduled income:
108543.0
Other income actual:
3600
Operating expense:
43913.0
Gross Rent Multiplier:
19.0
Number of Units:
3
Number of Units with Cooling:
3
Tenant pays:
Other/Remarks
Unit Number for Unit 1:
1566
Unit Number for Unit 2:
1566.5
Unit Number for Unit 3:
1568
Complex Features:
Other/Remarks
Special Listing Conditions:
Other/Remarks
Age Restrictions:
N/K
Exposure Front:
Other/Remarks
Construction Material:
Other/Remarks
Lot Size:
Switch units of measure0 sq. ft.
Parcel Number:
423-193-18-00
Heating:
Other/Remarks
Heating fuel:
Other/Remarks
Cooling:
Other/Remarks
Roof:
Other/Remarks
Security:
Other/Remarks
Fencing:
Other/Remarks
Listed by Whitewater CRE Inc
Data was last updated April 25, 2026 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
Data Source Logo
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.