1738 Reed Ave #b, San Diego, California 92109, San Diego, 92109 - 2 bed, 3 bath
Loading property details...
1738 Reed Ave #b
San Diego, California 92109
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,644Sq Ft
0Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$1,049,000
5% BelowMARKET VALUE
SUMMARY
This Pacific Beach Condominium presents a Strong Value Opportunity, listed at $1,049,000—positioned well below the $1,071,223 Fair Market Value by 2%. This valuation gap offers $22,223 in Instant Equity. Featuring a Condition Rating of 4, the property offers a functional layout with dual ensuite bedrooms, three private balconies, and a private garden. Located near top-rated schools like Bird Rock Elementary, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a coastal lifestyle.
Estimated Market Value
$1,049,000+$54,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1738 Reed Ave #b Subject 2 bd · 3 ba · 1,644 sqft · $638 | $995,000* List Price | 2 | 3 | 1,644 | $638 | - |
A 4751 Lamont Street Sold 2 bd · 3 ba · 1,108 sqft · $731 · 0.6 mi | $810,000 | 2 | 3 | 1,108 | $731 | 0.6 mi |
B 1330 Reed #2 Sold 3 bd · 2 ba · 1,430 sqft · $762 · 0.5 mi | $1,089,000 | 3 | 2 | 1,430 | $762 | 0.5 mi |
C 2125 Grand Ave. Sold 3 bd · 4 ba · 1,644 sqft · $736 · 0.4 mi | $1,210,000 | 3 | 4 | 1,644 | $736 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1984 (40 years old), the property is well-maintained and move-in ready with some cosmetic updates like newer hard-surface flooring and fresh paint. However, it retains dated elements such as mirrored closet doors and older window styles, and lacks evidence of a comprehensive modern renovation (under 15 years) to the kitchen, bathrooms, or major systems.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Bird Rock Elementary School (10/10).
- Prime Coastal Location
Situated in the desirable Crown Point neighborhood, this property offers a quiet, tree-lined setting within walking distance to Mission Bay and minutes from Pacific Beach’s vibrant dining and shopping scene.
- Superior Layout and Privacy
As a top-floor unit with no neighbors above, the spacious 1,644 sq. ft. floor plan features dual ensuite bedrooms and three private balconies, providing an exceptional level of privacy and functional living space.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $1,200 per month is notably high for a small four-unit complex, which may impact buyer affordability and overall investment yield.
- Potential for Modernization
Built in 1984, the property may require cosmetic or systemic updates to meet modern luxury standards, potentially necessitating additional capital investment from the buyer.
About 1738 Reed Ave #b
Top-floor Pacific Beach condo offering 2 bedrooms, 2.5 bathrooms, 1,644 sq. ft. of living space with no neighbors above. The spacious main level features a large living room with a fireplace, 2 decks, guest bath, along with a dedicated breakfast area & 3rd balcony. Upstairs, both bedrooms feature ensuite bathrooms, creating a functional layout with added privacy. The home also includes a two-car garage. Set within an intimate four-unit complex with spa on a peaceful and quiet, tree-lined street, the home is just a short walk from Mission Bay and minutes from the beach, restaurants, coffee shops, grocery stores, and everything Pacific Beach has to offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1200.0 / Month
Neighborhood Insights
San Diego Unified Schools
Crown Point Jr Music Academy
Grades K-5 • 0.3 mi
7/10
Sessions Elementary School
Grades K-5 • 0.9 mi
9/10
Pacific Beach Elementary School
Grades K-5 • 1.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,644 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $995.0K | $598.4K |
| Price per sq ft | $605 | $607 |
| Built year | 1984 | 1986 |
| HOA | $1200.0 | $536 |
| Days on market | 38 | 58 |
Pricing History
Listed for Sale
Oct 23, 2026
$995,000
$1,049,000
-5% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$1,049,000
Initial Listing
Sold
Oct 18, 2019
$695,000
Public Record