Listing ID: NDP2301963
Price: $5,450,000
Price/SqFt: $505.28
Status: Active
Address: 3280 Reynard Way
City: San Diego
State: California
Postal Code: 92103
SqFt: 10,786
Acres: 0.317
County: San Diego
San Diego
CA
92103
First time on the Market!! Location, Location, Location!!! Value Add Potential for Investors. This 14 Unit Apartment complex is centrally located in Mission Hills between Banker’s Hill and Hillcrest area of San Diego. Minutes from Balboa Park and Downtown San Diego. Property is fully leased, with 3 newly renovated units leased at Market Rent. Most of the units are below market rents, giving the new owner the ability to increase rents overtime and maximize the value. Ideal unit mix of 6 (2bed/2bath) and 8 (1bed/1bath). Each unit includes one detached garage. Property has 20 total garage spaces, with 6 of them collecting additional income. New exterior paint and improvements just completed at the property. Property is located minutes from 5 freeway and 163 freeway making it an ideal location with a dense and desirable rental market. This is a rare opportunity for an investor to enjoy a stream of income in a highly desirable area with great value add potential from maximizing to market rents. The close proximity to shopping, restaurants, major freeways and San Diego’s best activities makes this property the ideal location for potential renters.
Primary Features
County:
San Diego
Price/SqFt:
505.28
Property Type:
Residential Income
Year Built:
1986
Zoning:
Apartment House 5+ units
Interior
Appliances:
no
Common Walls:
2+ Common Walls
Cooling:
no
Fireplace:
no
Garage Spaces:
20
Heating:
no
Laundry:
yes
Laundry Features:
Common Area
Spa:
no
External
Fence:
no
Lot Features:
Lot 10000-19999 Sqft
Lot Size Area:
13789
Lot Size Source:
Assessor
Lot Size Square Feet:
13789
Number Of Buildings:
2
Parking:
no
Parking Total:
20
Pool Features:
None
Private Pool:
no
Property Attached:
yes
Sewer:
Public Sewer
View:
no
Water Source:
Public
Location
MLS Area Major:
92103 - Mission Hills
Neighborhood:
Mission Hills
Street Number:
3282
Additional
Assessments:
Unknown
Association:
no
Co List Agent State License:
00898992
Co List Office State License:
01481919
Community Features:
Curbs, Sidewalks, Street Lights
Days On Market:
10
List Agent State License:
01915649
List Office State License:
01481919
Lot Size Units:
Square Feet
Number Of Separate Electric Meters:
14
Number Of Separate Water Meters:
1
Number Of Units Total:
14
Parcel Number:
4515631000
Senior Community:
no
Year Built Source:
Assessor
Financial
Cap Rate:
3.3
Gross Scheduled Income:
269580
Insurance Expense:
5590
Land Lease:
no
Net Operating Income:
182003
New Taxes Expense:
59950
Operating Expense:
74098
Price Per Unit:
389286
Professional Management Expense:
12000
Rent Control:
no
Special Listing Conditions:
Standard
Tax Lot:
61/1
Tax Tract Number:
1268J7
Total Expenses:
74098
Trash Expense:
3575
Water Sewer Expense:
7167
Zoning Info
Area Info
© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Century 21 Award or one of their associates. Last updated Wednesday, March 29th, 2023.
Based on information from CARETS as of Wednesday, March 29th, 2023 05:38:12 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Wednesday, March 29th, 2023 05:38:12 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Request More Information - Listing ID NDP2301963
Data services provided by IDX Broker
