RealtyLens
for saleRealtyLens property overview
$2,100,000

1566 Reed Ave

San Diego, CA, 92109
View more San Diego, CA property pages
3Beds
3Baths
1,510Sqft
$1391$/sqft

Listing Notes

1566 Reed Ave presents the rare opportunity to acquire a charming 3-unit multifamily property in the highly desirable Crown Point neighborhood of Pacific Beach. Located just blocks from Mission Bay, beaches, Trader Joe's, restaurants, cafes, and nightlife, the property offers an exceptional coastal lifestyle with strong and consistent rental demand. The property consists of three private cottage-style 1-bedroom / 1-bathroom units, including a newly constructed rear unit and two newly updated front units featuring modern finishes and thoughtful design. Residents benefit from private fenced yard spaces, in-unit laundry, air conditioning, quartz countertops, stainless appliance package and tiled bathrooms. 1566 Reed Ave offers investors the opportunity to acquire a turnkey coastal asset in one of San Diego's most sought-after and supply-constrained beach communities, positioned for long-term appreciation and continued tenant demand.

Market Insights

Near nearby median+2.7%

$1391/sqft vs a nearby median of $1354/sqft.

Nearby median$1354/sqft
Nearby properties7
Property size1,510 sqft
  • +2.7% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,510 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$2.08M$1.89M$2.26M · 50% confidence
vs ask $2.10M+$24k (+1.1%)

Asking price is well-anchored to the comp picture (+1.1%). Negotiate on terms, not headline price.

$1,354/sqft median across 6 tight comps × 1,510 sqft= $2.04M
  • Modern construction+$31k +1.5%
Cumulative NYC adjustments+$31k+1.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+2.7% vs nearby

The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
4 days
Last price change
No change recorded
Listed
May 9, 2026
Photos
24 photos
Property type
multi family
Status
for sale

Photos

Price History

May 9, 2026Initial record
$2,100,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.