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Residential Income for sale : 3 bedrooms : 934-36 Reed Avenue in San Diego

934-36 Reed Avenue San Diego

Architectural Rendering
$2,930,000
Prop. Type:
Residential Income
MLS® Num:
260012601
Status:
Active
Bedrooms:
3
Bathrooms:
3
Year Built:
1950
Positioned just blocks from the sand at Sail Bay, this rare Pacific Beach offering presents a fully entitled, shovel-ready opportunity to deliver a modern coastal compound in one of San Diego’s most dynamic beach communities. Approved Coastal Development Permits, complete architectural plans, and construction estimates are in place for two striking contemporary residences—each paired with a private ADU—creating a versatile, high-demand product profile. All fees for School, Water, and Sewer have been paid. Each main residence is thoughtfully designed at approximately 2,195 square feet, featuring 4 bedrooms and 3.5 bathrooms, with a penthouse level and rooftop deck that invite ocean breezes and offer the potential for sweeping coastal outlooks. The detached ADUs, approximately 795 square feet with 2 bedrooms and 2 bathrooms, provide exceptional flexibility for income generation or multigenerational use. Subterranean parking for each home enhances both functionality and design integrity. Set within close proximity to the shoreline, surf at Tourmaline, and the energy of Pacific Beach’s shops and dining, this is a unique opportunity to capitalize on a fully approved coastal development in a supply-constrained location.
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:
N/A
Total Building Area:
Switch units of measure1,500 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
3
Bathrooms:
3
Full Bathrooms:
3
Half Bathrooms:
0
Stories:
2 Story
Total Stories:
2
Year Built:
1950
Age (in years):
Switch units of measure76 year(s)
Short Sale:
false
Home Owner Fees Include:
N/K
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Cash, Conventional
Cap Rate.:
0.0
Gross scheduled income:
73788.0
Other income actual:
0
Operating expense:
8000.0
Number of Units:
3
Number of Units with Cooling:
1
Tenant pays:
Electricity, Gas/Propane, Water
Unit Number for Unit 1:
936
Unit Number for Unit 2:
934
Unit Number for Unit 3:
935
Site Influences:
West of I-5
View:
Bay, Ocean
Complex Features:
N/K
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Construction Material:
Stucco
Lot Size:
Switch units of measure6,098 sq. ft.
Parcel Number:
423-123-19-00
Heating:
N/K
Heating fuel:
Natural Gas
Cooling:
N/K
Utilities:
Sewer Connected
Spa Features:
N/K
Roof:
Other/Remarks
Security:
N/K
Water supply:
Meter on Property
Irrigation:
N/K
Fencing:
Other/Remarks
Listed by Compass
Data was last updated June 12, 2026 at 09:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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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.