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    3206 Reynard Way

    San Diego, CA 92103
    • $1,750,000
    • STATUS: ACTIVE
    • ON SITE: 33 days
    • ID#: NDP2103929
    UPDATED: 38 min ago
    $1,750,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    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. 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.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    3206 Reynard Way San Diego, CA 92103

    • Price: $1,750,000
    • Status: ACTIVE
    • Updated: 38 min ago
    • ID#: NDP2103929
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    Neighborhood:
    Mission Hills
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    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. 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.
    Exterior Features

    Pool N/K Site CurbsSidewalks

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 3.55 Annual Expense Actual 30560 Association ID North San Diego County Association Of Realtors (Nsdcar) Buildings 2 Gross Scheduled Income Actual 95604 Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1375.0 Unit2 Rent Actual 1350.0 Unit3 Rent Actual 1200.0 Unit4 Rent Actual 1300.0 Zoning Assessor

    Listing provided courtesy of Willis Allen Real Estate. Listing information © 2021 San Diego MLS Inc. Source: CR Paragon
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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