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2038 Reed Ave
San Diego, CA 92109
Pacific Beach Apartment Investment · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 5,863 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | R3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,863 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | R3 |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
About 2038 REED AVE , SAN DIEGO, CA 92109
The Franco Realty Group is proud to exclusively present for sale, the 8 unit apartment building located at 2038-2044 Reed Avenue in Pacific Beach. This is truly an opportunity to acquire a stable commercial real estate investment during a turbulent time in the market. The property has 8 apartment units that all have 2 bedrooms and 1 bath units. The square foot for 7 of the 8 units is roughly 718 sqft and the 8th unit is 837 sqft. Most of the units pay $1,500 per month, which is roughly 36% below market. According to the appraisal report we have on file, the units have not been remodeled and there is 6 tandem parking spaces, totaling 12 onsite parking spots. According to the Seller (Buyer to verify), there was a new roof put on roughly 4-5 years ago. The property is about 2 blocks from Mission Bay and less than 1.5 miles to Crystal Pier. For a detailed Offering Memorandum, please contact The Franco Realty Group.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 718 - 837 |
Property Taxes
| Parcel Number | 424-192-18 | Improvements Assessment | $546,820 |
| Land Assessment | $2,493,510 | Total Assessment | $3,040,330 |
Property Taxes
