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928 Reed Ave, San Diego, CA 92109

Commercial property

928 Reed Ave, San Diego, CA 92109 Sold May 2023 CRMLS
$2,250,000Sold May 2023

Listing Agent: Jeff Horvitz (DRE #01318867) · Listing Office: Pacific R.E.Services, Inc · Contact: 619-284-1070 · Bought with: Monroe Herington · eXp Realty of California, Inc. · MLS #230004326SD · Source: CRMLS

5
Units
2.54%
Cap Rate
$63,447
NOI
Commercial property
Type

About this commercial property

928-932 Reed Ave is a desirable 5 unit complex on a 6,247 sq ft Lot in Pacific Beach within 3 blocks of the Beach and Bay. Four Studio/ 1 Bath (336 sq ft) , One 2 Bed/ 1 Bath (780 sq ft), and an oversized 4 car garage that is rented separately (1100 sq ft). Rents are under market with a current monthly income of $8,840. Most units are month-month or have less than 1 year on the current lease. Kitchen and bath in most units have been updated in the last 5 years. Please do not disturb tenants. Shown with an accepted offer. Adjacent parcel at 922-926 Reed Ave is also listed for sale.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$2,250,000
Sold May 2023 · listed $2,495,000, on market March 2023 · MLS #230004326SD · Source: CRMLS
Listing Agent: Jeff Horvitz · Listing Office: Pacific R.E.Services, Inc · Contact: 619-284-1070 · Bought with: Monroe Herington · eXp Realty of California, Inc.
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