$2,035,725*
●
Multifamily -
Off Market
3206 Reynard Way 16
San Diego, CA 92103
Studio
0 Bath
$1,575,000 - $1,925,000
Reference Base Price*
16.33%
Since Jul 1, 2021
CA-San Diego
Primary Model
About This Property
OPPORTUNITY: The in-place rents are far below market. A future
buyer can increase revenue by bringing the rents closer to market.
Current market rent is estimated to be $1,600 per month. The
pro-forma cap rate is 4.7% and the pro-forma GRM is 15.
PROPERTY DESCRIPTION: This is a very well located apartment
project improved with six studio units in two separate structures.
The project was built in 1958 and there are a total of six
off-street parking spots. Five of the six apartments have been
renovated. The non-renovated unit is clean and in good rentable
condition. The units are easy to lease and the project seldom has
vacancy. On average the units are 448 square feet each (totaling
2,685 square feet). The property has an on-site laundry room and a
coin operated washer & dryer. The Landlord pays for water and the
tenants pay all other utilities direct to the provider.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 25, 2021 | No longer available | - | |
No longer available | |||
Apr 13, 2021 | Listed | $1,750,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Townhouse
2
Beds
2.5
Baths
2,280 ft²
$833/ft²
$1,899,000
Jan 20, 2024
-
$1,675/mo
Active
Townhouse
3
Beds
3
Baths
2,671 ft²
$711/ft²
$1,899,000
Dec 16, 2023
-
$1,020/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/24/2020
|
|
Loft
|
-
|
-
|
$1,750,000
Loft
-
|
-
-
|
-
|
-
|