3206-3216 Reynard Way - Apartments FOR SALE


San Diego, CA 92103- Midtown San Diego
$2,250,000 USD
858-336-9688
3206-3216 Reynard Way, San Diego, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/23
null | 4.29% Cap Rate

3206-3216 Reynard Way
San Diego, CA 92103
Midtown San Diego


HIGHLIGHTS

  • Rare six-unit multifamily investment opportunity in Middletown
  • Spacious RM-3-7 zoned lot
  • Projected rent growth of 8% this spring
  • Property comes with an assumable 3.26% fixed-rate mortgage with Chase through 2026
  • Offers strong cash flow potential

OVERVIEW

This rare six-unit multifamily investment opportunity in Middletown, one of San Diego’s most desirable rental markets, offers exceptional potential. Located on a spacious RM-3-7 zoned lot, the property provides numerous value-add possibilities, redevelopment flexibility, and strong rental demand. With the potential to convert studios into one-bedroom units, investors can increase both rents and property value. Projected rent growth of 8% this spring adds to the investment’s appeal. Additionally, the property comes with an assumable 3.26% fixed-rate mortgage with Chase through 2026. Its large lot and RM-3-7 zoning allow for increased density and redevelopment opportunities. Situated within walking distance of dining, retail, and entertainment, and with proximity to major employment hubs and easy freeway and transit access, the location is prime. Offering strong cash flow potential, this investment is ideal for long-term holds or redevelopment strategies.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$489 USD /SF

# OF UNITS

6

PRICE/UNIT

$375,000

CAP RATE

4.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3206-16 Reynard Way

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,779 SF

ZONING

RM 3-7

APN/PARCEL ID

451-563-05

ASK ABOUT THIS PROPERTY

Jason LeeJLM Real Estate Inc.More Info
858-336-9688

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Jason LeeJLM Real Estate Inc.More Info
858-336-9688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.