3139-47 Reynard Way, San Diego, CA 92103 - MLS#250032032

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,000,000

Est. payment | -/mo

3 Beds

2 Baths

3,250 SqFt

Save

$ 2,000,000

Est. payment | -/mo

Save

3 Beds

2 Baths

3,250 SqFt

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,250 sqft

Price per Sqft $615

MLS Listing ID 250032032

Bedrooms 3

Property Sub-Type Com-Res Income

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 Metro Uptown

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Others

Tax ID 452-571-03-00

Listed by Ben Sierpina Marcus & Millichap

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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3139-47 Reynard Way San Diego, CA 92103