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3244-50 Reynard Way

San Diego, CA 92103
  • $2,750,000
  • STATUS: ACTIVE
  • ON SITE: 76 Days
  • ID#: 230023750
UPDATED: 227 min ago
$2,750,000
  • 5
    BEDS
  • 0.15
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Extremely rare opportunity to have a development Project in one of San Diego's most incredible neighborhoods. Currently 5 Units and Possibly 14 Units. The property close to the world-renowned Balboa Park and is within walking distance of trendy restaurants, upscale grocery stores, coffee shops and nightlife. Prime location, minutes from Downtown San Diego, Little Italy, the world-famous San Diego Zoo, Balboa Park, the beaches of La Jolla, the best shopping in San Diego, and a multitude of restaurants and coffee shops. Demolition and project plan has been submitted. Project feasibility will be impacted by the final design and concept. Based on the project concept financial analysis, revenues, and cost. Price does include Project plans was cost close to $300K.

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/145956161
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3244-50 Reynard Way San Diego, CA 92103

  • Price: $2,750,000
  • Status: ACTIVE
  • On Site: 76 Days
  • Updated: 227 min ago
  • ID#: 230023750
5
Beds
5
Baths
0
½ Baths
0.15
Acres
Neighborhood:
Mission Hills (92103)
County:
San Diego
Area:
Mission Hills (92103)
Property Description
Extremely rare opportunity to have a development Project in one of San Diego's most incredible neighborhoods. Currently 5 Units and Possibly 14 Units. The property close to the world-renowned Balboa Park and is within walking distance of trendy restaurants, upscale grocery stores, coffee shops and nightlife. Prime location, minutes from Downtown San Diego, Little Italy, the world-famous San Diego Zoo, Balboa Park, the beaches of La Jolla, the best shopping in San Diego, and a multitude of restaurants and coffee shops. Demolition and project plan has been submitted. Project feasibility will be impacted by the final design and concept. Based on the project concept financial analysis, revenues, and cost. Price does include Project plans was cost close to $300K.
Exterior Features

Construction Stucco Exterior No Landscaping Parking None Roof Composition

Interior Features

Floor Coverings Hardwood Floors Wood Heating Wall Laundry Owned Sq Ft Of Improvement 2400 Stories 1 Story Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Units With Dishwashers 0 Units With Disposals 5 Units With Ranges 5 Units With Refrigerators 5

Property Features

Actual Cap Rate 4.75 Actual Cash Flow 130189 Actual Cash On Cash 14.31 Actual Fl Ins Expense 1600 Actual Gardener Expense 300 Actual Gas And Electric 0 Actual Gross Operating Income 146400 Actual Gross Scheduled Income 146400.0 Actual Maintenance Expense 1200 Actual Operating Expense 16211 Actual Taxes Expense 12511 Actual Total Expense 16211 Actual Total Pi Pay 2894 Actual Vacancy And Credit Loss 0 Actual Water Sewer Expense 1200 Assumable Finance 0 Buildings 5 Existing Financing Conventional Financial Information Source Owner Fiscal Year From 23 Fiscal Year To 24 Gross Equity 1750000 Gross Multiplier 18.79 Have 5 Units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 12200 Motive Want exchangeCashConventional Other Income Source Rent Present Loan 665000 Projected Annual Pi Expense 2894 Projected Cap Rate 5.65 Projected Cash On Cash 16.15 Projected Gross Multiplier 16.85 Projected Gross Operating Inc 163200 Projected Gross Scheduled Inc 163200 Projected Net Income 146989 Projected Operating Expense 16211 Projected Vacancy And Credit Loss 0 Short Sale No Special None Sq Ft Source Buyer to Verify Terms CashExchange UpSubmit Unit Number1 3244 Unit Number2 3246 Unit Number3 32481 Unit Number4 32482 Unit Number5 3250 Unit Rent Total1 2500 Unit Rent Total2 2500 Unit Rent Total3 2400 Unit Rent Total4 2300 Unit Rent Total5 2500 Unit Rent1 2500 Unit Rent2 2500 Unit Rent3 2400 Unit Rent4 2300 Unit Rent5 2500 Unit Type Other/Remarks Zoning R-4:MULTIP

San Diego MLS logo Listing provided courtesy of Orr Olson of UTCHomes: 858-337-1791. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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