1517 Reed Ave - Apartments FOR SALE


San Diego, CA 92109
$3,350,000 USD
760-822-9861
1517 Reed Ave, San Diego, CA for Sale
$3,350,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1517 Reed Ave
San Diego, CA 92109


HIGHLIGHTS

  • Premier Crown Point neighborhood location in Pacific Beach with significant rental upside
  • Ideal unit mix of spacious floor plans including 2+2, 2+1.5 townhomes, 1’s and a studio
  • Walking distance to Sail Bay, the boardwalk, world class restaurants, trendy shopping, cafes, schools, parks, and entertainment
  • Private laundry facility, off street parking including garages with ADU potential
  • Convenient access to Interstate 5 and 8
  • Extremely competitive housing market ideal for multifamily investment

OVERVIEW

CBRE is pleased to offer for sale 1517 Reed Avenue, a 7-unit residential community perfectly situated on the northern edge of the Crown Point neighborhood of Pacific Beach. Well maintained, 1517 Reed offers a new investor significant immediate rental upside. Built on a 6,251 SF lot, the property features an ideal unit mix of spacious floor plans, including a two-bedroom, two-bath, (3) two-bedroom, one & half bath townhomes, (2) one-bedrooms, and a studio. The property also offers 2 garages, 5 opens spaces (4 with tandem potential), and a laundry facility for the tenant’s convenience. The garages provide future ADU potential. Year built is unknown.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$536 USD /SF

# OF UNITS

7

PRICE/UNIT

$478,571

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R3

APN/PARCEL ID

423-284-03

ASK ABOUT THIS PROPERTY

Philip BuckleyCBRE, Inc.More Info
760-822-9861

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Philip BuckleyCBRE, Inc.More Info
760-822-9861

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