1021 Reed, San Diego, California 92109, San Diego, 92109 - 4 bed, 2 bath
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San Diego, California 92109
This Turnkey Coastal Asset represents a High-Potential Investment Opportunity, listed at $2,300,000—positioned slightly above the $2,234,126 Fair Market Value. While priced at market, the property offers immediate cash flow with a lease through 2027 and significant Development Potential via approved plans for three ADUs. Featuring a Mint Condition Rating, this home includes Solar Panels and a Spacious Backyard. Located near Bird Rock Elementary (10/10), it is an ideal acquisition for Buy-and-Hold Investors or Long-Term Wealth Builders seeking a premium Pacific Beach location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1021 Reed Subject | $2,300,000* List Price | 4 | 2 | 1,408 | $1,587 | - |
A 1067 Oliver Ave Sold | $2,400,000 | 2 | 2 | 1,475 | $1,627 | 0.1 mi |
B 1335 Loring Street Sold | $2,360,000 | 3 | 2 | 1,584 | $1,490 | 0.9 mi |
C 944 Missouri St. Sold | $2,250,000 | 3 | 2 | 1,505 | $1,495 | 0.6 mi |
D 3721 Strandway Sold | $2,975,000 | 3 | 3 | 1,433 | $2,076 | 0.7 mi |
E 1409 Wilbur Ave. Pending | $2,095,000 List Price | 2 | 3 | 1,198 | $1,749 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been completely reimagined with a brand-new interior, including a modern kitchen and two beautifully remodeled bathrooms. It features energy-efficient solar panels and high-quality finishes throughout, qualifying as a mint-condition, turnkey renovation completed within the last 5 years.
Elementary School: Bird Rock Elementary School (10/10).
Ideally situated just two blocks from both the Pacific Ocean and Sail Bay, this property offers an unparalleled walkable lifestyle in the heart of Pacific Beach.
The rare 6,400 sq. ft. lot includes alley access and ready-to-go plans for three ADUs, providing a massive opportunity for value-add and increased rental yield.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6400, other record lot size in square feet = 6300.
The property was recently sold within the past year on 2026-03-26. The sold price is $2,075,000.00.
The existing lease agreement through July 2027 prevents immediate move-in for owner-occupants, limiting the buyer pool primarily to investors.
Completely reimagined from the inside out, this stunning Pacific Beach home offers modern coastal living just two blocks from the Pacific Ocean and two blocks from Sail Bay. Situated on a rare approximately 6,400 sq. ft. lot with alley access, this move-in-ready home features a brand-new interior with 4 bedrooms and 2 beautifully remodeled bathrooms. Thoughtfully redesigned with a bright, open floor plan and high-quality finishes throughout, the home blends contemporary style with effortless functionality. The spacious backyard provides plenty of room for entertaining, relaxing, or future expansion. Solar panels add energy efficiency, while the detached two-car garage offers additional flexibility. An exceptional opportunity for both homeowners and investors, the property includes plans for three ADUs, creating the potential to maximize rental income or establish a multi-unit investment in one of San Diego's most desirable coastal neighborhoods. Located directly across from the Pacific Beach Library and just minutes from the beach, Sail Bay, restaurants, cafés, and shopping, this rare property combines turnkey living with outstanding long-term investment potential in the heart of Pacific Beach. Currently leased through July 2027 for $8250/month.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,408 | 1,777 |
| Lot Size | 6,400 | 6,600 |
| Price | $2.30M | $1.24M |
| Price per sq ft | $1.6K | $743 |
| Built year | 1955 | 1972 |
| HOA | $0 | $200 |
| Days on market | 10 | 39 |
Jul 12, 2026
$2,300,000
Initial Listing
Mar 26, 2026
$2,075,000
Public Record
Feb 25, 1997
$253,000
Public Record