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$1,249,000

Beds
3
Baths
2.5
sq ft
1,430

1119 Reed Ave Unit 4, San Diego, CA 92109

1119 Reed Ave Unit 4

San Diego, CA 92109

  • 17 days on market
Welcome to your ideal beach home, perfectly situated just steps from both the bay and the beach. Whether you're seeking a primary residence, a second home, or an investment property, this home is an exceptional choice. With air conditioning to keep you comfortable year-round and convenient in-unit laundry, it's currently a Guest Favorite on Airbnb, generating lucrative income, making it an ideal second home that can help offset costs with rental income. The master bedroom occupies its own floor, featuring a private patio, a spa-style bathroom, and a cozy fireplace. This townhouse also offers two private balconies off the second bedroom and a common area patio adjacent to the kitchen. With only four units in the building, you'll enjoy a sense of exclusivity and privacy. Parking is convenient with a dedicated carport, and there's a small garage perfect for a motorcycle, beach gear, or additional storage. Nearby attractions include the Crystal Pier, Belmont Park, and the surf havens of La Jolla. You'll be within walking distance to restaurants, coffee shops, markets, and vibrant nightlife, while enjoying a quiet area of the most desirable location in Pacific Beach.

Details

Property type

Condominium

Est. home value

$1,393,258

Lot size

Unknown

Price per sq ft

$874

Year built

1985

Monthly HOA fee

$300

Price History

02/04/2025
SanDiego

SanDiego #250018088

Listed
$1,249,000
-3.92%
12/16/2024
CRMLS

CRMLS #SW24009169

Removed
$1,300,000
12/10/2024
CRMLS

CRMLS #SW24009169

Price change
$1,300,000
-3.7%

Schools & Community

Neighborhood: 

Pacific Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

4

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$450,002
Asking price
$1,249,000
Closing costs (~8% of asking)
-$99,920
Est. remaining loan balance
-$699,078
Cash to seller
$450,002

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

January 2022

Original loan amount

$748,000

Est. remaining balance

$699,078

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Homer Thompson Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/22/2025 at 7:40 AM

Listing updated: 02/21/2025 at 11:28 AM

Listed by: Jessica Barlow, Jessica Barlow, Compass Phone #: (858) 277-3325

MLS: SanDiego #250018088

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