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942 Reed Avenue San Diego, CA 92109
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Key Details
Sold Price $810,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Pacific Beach
MLS Listing ID 120056950
Sold Date 12/27/12
HOA Y/N No
Year Built 1950
Lot Size 6,250 Sqft
Property Description
Outstanding beach location less than 3 blocks to Pacific Ocean and 4 blocks to Sail Bay! Cute single family w/attached garage in front, with its own patio, lawn and fenced backyard. Bkfst nook, ldry in garage! Back unit is cute loft apt with 400 SF 2nd-story deck! Ldry room att 1st level and parking for 3 cars! Also has fenced backyard w/lawn! Buyer to verify sq ft - assesor not accurate. With 25% down, new owner can live in house way below rent! This is an incredible location - SEE Supplement! Existing rent is $1750 and $1200. Projected to be appx $2200 and $1500. Expenses are basically R.E. taxes and insurance as tenants pay all utilities. There are occassional repairs. Back unit has fully upgraded kitchen; both have newer tile in tub and bathroom floors. Each unit has its own cozy fenced back yard with lawn and plants. Front house has back patio and back loft apartment has a huge 400 SF deck off the second level (where the bedroom and bath is). Walk 1 1/2 blocks to Mission Blvd and cross over 1/2 block more and you are at the boardwalk right at the sand. You then have an awesome view north to Crystal Pier and south to Mission Beach! Four blocks south and you're at Sail Bay! With a 25% down payment and a new loan of $595,000 @ 3.75% the new owner would live in the front home for less than current rent after tax savings! (Tenants own washers/dryers/refrigs/stoves) SHOW ONLY WITH ACCEPTED OFFER! Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 944 Unit # for Unit 2: 942 Unit 1 Parking Spaces: 2 Unit 2 Parking Spaces: 3 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Interior
Cooling SeeRemarks
Fireplace No
Appliance GasWaterHeater
Exterior
Fence Partial
Pool None
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 2
Private Pool No
Building
Story MultiSplit
Entry Level MultiSplit
Level or Stories MultiSplit
Others
Senior Community No
Tax ID 4231231800
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Mark Hamilton • 1st Choice Properties