3206-16 Reynard Way, San Diego, CA 92103 - Berkshire Hathaway HomeServices California Properties

3206-16 Reynard Way, San Diego, CA 92103

$2,150,000 Approx. USD 0 beds, 0 baths

Listing Agent


Jason J Lee
Lic#: 02068011
Broker: Courtesy of JLM Real Estate Inc

Agent Remarks

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.

Listing Details

Property type: Com-Res Income (Multi-family)
Status: ACTIVE
MLS# 250018364
List price is $2,150,000 Reduced by $100,000 on 3/20/2025
Price: $2,150,000
Beds: 0
Baths: 0
County: San Diego
Zoning: RM-3-7
Amenities: None,Other/Remarks
MLS area: MISSION HILLS (92103)

Last Updated: 4/16/2025

 Days On Market (DOM): 87

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This listing belongs to the MISSION HILLS (92103) MLS area

Lat/Long: 32.738719, -117.170152.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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