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$1,890,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds

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Back to market with two new roofs and new front house foundation! All major systems updated and 2 rear units fully rehabbed to highest end finishes. 2134 Reed Avenue is a renovated triplex with value-add potential just two blocks to the bay in the highly popular Pacific Beach neighborhood of San Diego, California. Major upgrades have been made to the complex in the last two years including 2 completely renovated rear 1-bedroom / 1-bath units (approximately 500 SF) and a partially upgraded 2-bedroom cottage (approximately 824 SF). Fences were just completely rebuilt. Units have received upgraded power, individual washer /dryers and all new kitchens and baths in the rear units. Built in 1947 and restored in 2022, this triplex features prime walkability to the bay, beach, and popular Garnet Avenue shops, stores, restaurants and entertainment. This is an ideal investment for the location-prioritized investor, owner/user, ADU builder, or investor seeking strong cash flow for the price.

Full Property Details for 2134 Reed Ave

General

  • Price: $1,890,000
  • Status: Active
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 250028053
  • Updated: 1/5/2026
  • Added to Site: 276 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Shared Amenities: BBQ, Gated Community
  • Security/Safety: Gated Community

Location

  • Area: San Diego (92109)
  • County: San Diego
  • Subdivision: PACIFIC BEACH
  • Neighborhood: crown point
  • Complex: complex

Community

  • Gated community: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: Wall/Window Air Conditioning
  • Heating Type: Wall/Gravity
  • Heating Fuel: Electric

Utilities

  • Water: Meter on Property
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 2
  • Detached/Attached: Detached
  • Construction: Wood
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 1,824
  • Year Built: 1947

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: Bay
  • Lot Size (Acres): 0.072
  • Lot Size (Sq. Ft.): 3,129
  • Lot Size: .072
  • Fencing (Description): Full

Water Features

  • Water View: Yes

Financial Considerations

  • Operating Expenses: $37,670
  • Terms: Conventional, Exchange
  • Tenant Pays: Water, Electricity, Gas/Propane

Disclosures and Reports

  • Property ID: 424-202-19-00

Listed by Conor Brennan, Broker (720) 841-8139, Conor M Brennan

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Listing agent

— 2134 Reed Ave —

  • Conor M Brennan

    Conor Brennan, Broker

Conor.Brennan@cbre.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2134 Reed Ave

School District:San Diego City Unified School District
NameGradesDistance
Crown Point Jr Music Academy
4033 Ingraham Street, San Diego, CA 92109
K-50.6 mi
Pacific Beach Middle School
4676 Ingraham Street, San Diego, CA 92109
6-80.7 mi
Mission Bay High School
2475 Grand Avenue, San Diego, CA 92109
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2134 Reed Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/20/2025
Listed
$1,890,000
93.85%
MLS
2/24/2021
Sold
$975,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2134 Reed Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,771
10%
$1,055,368
4%
2023
$12,466
3%
$1,014,388
2%
2022
$12,134
18%
$994,499
19%
2021
$10,299
1%
$832,738
1%
2020
$10,174
2%
$824,200
2%
2019
$9,993
7%
$808,040
2%
2018
$9,342
2%
$792,197
2%
2017
$9,120
2%
$776,665
2%
2016
$8,974
1%
$761,437
2%
2015
$8,842
10%
$750,000
11%
2014
$8,033
—
$678,494
—
2013
$8,023
—
$675,429
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Conor Brennan, Broker (720) 841-8139, Conor M Brennan

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2134 Reed Avenue, San Diego, CA 92109 (MLS# 250028053) is a Multi-Family property with 3 units containing 4 bedrooms and 3 full bathrooms. 2134 Reed Avenue is currently listed for $1,890,000 and was received on May 20, 2025. Want to learn more about 2134 Reed Avenue? Do you have questions about finding other Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.

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