CA > San Diego
San Diego, CA 92103,3139 Reynard Way
San Diego, CA 92103,3139 Reynard Way
San Diego, CA 92103,3139 Reynard Way
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Lorenzo Vasquez

Lorenzo Vasquez

+1(559) 667-7612
$1,800,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250032032SD

HOA Y/N No

Property Sub-Type Mixed Use

Property Description

Pleased to present 3139-47 Reynard Way located in San Diego, CA. The 5-unit apartment complex is ideally located in the central neighborhood of Bankers Hill and boasts proximity to all the best attractions the neighborhood has to offer. Originally built in approximately 1957, the property is situated on a large 8,946 SF lot and the building measures approximately 3,250 square feet. The unit mix consists of (4) 1-bedroom / 1-bathroom units and (1) two-bedroom/1-bathroom unit. The 2-bedroom unit is currently rented as a 1-bedroom unit with the second bedroom being used as storage but could easily be repurposed back into an additional bedroom. Current ownership has self-managed the property and completed some capital improvements including dual-pane vinyl windows in all units and a newer hot water heater. Attractive tenant offerings of the single-story complex include a communal courtyard space, on-site laundry room and back porch area for select units. Current rents are significantly below market and offer a savvy investor an opportunity to extensively renovate and capture market rents in this desirable location. The property is also situated in Complete Communities Tier 3 allowing a 6.5 FAR and the large lot size could bode well for a complete redevelopment to significantly increase density. Located within minutes of Iconic Balboa Park and the bustling neighborhoods of Mission Hills and Hillcrest, the property is well positioned for continued growth. Bankers Hill is a hub for entertainment and lifestyle, the area is perfect for residents looking for

Location

State CA

County San Diego

Area 92103 - Mission Hills

Interior

Fireplace No

Others

Tax ID 4525710300

Virtual Tour https://www.propertypanorama.com/instaview/snd/250032032

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CRMLS – RECore
Listed by Ben Sierpina Marcus & Millichap

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agent

Lorenzo Vasquez

+1(559) 667-7612

Agent | License ID: 02072805

Agent License ID: 02072805

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