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3244-50 Reynard Way

San Diego, CA 92103
  • $2,650,000
  • STATUS: ACTIVE
  • ON SITE: 77 Days
  • ID#: 230024179
Price Reduced
UPDATED: 79 min ago
$2,650,000
  • 4
    BEDS
  • 0.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,000
    SQFT
  • $1,325
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
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 Project with Plans. The property close to the world-renowned Balboa Park and is within walking distance of Little Italy trendy restaurants, upscale grocery stores, coffee shops and nightlife. Prime location, minutes from Downtown San Diego Gas Lamp Quarters and-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/146133763
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3244-50 Reynard Way San Diego, CA 92103

  • Price: $2,650,000
  • Status: ACTIVE
  • On Site: 77 Days
  • Updated: 79 min ago
  • ID#: 230024179
4
Beds
4
Baths
0
½ Baths
0.15
Acres
2,000
SQFT
$1,325
$/SQFT
1952
Built
Neighborhood:
Mission Hills
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 Project with Plans. The property close to the world-renowned Balboa Park and is within walking distance of Little Italy trendy restaurants, upscale grocery stores, coffee shops and nightlife. Prime location, minutes from Downtown San Diego Gas Lamp Quarters and-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

Exterior Stucco Fencing Partial Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 5 Units With Refrigerators 5 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 4.75 Age Restrictions N/K Annual Expense Actual 16211 Annual Expense Projected 16211 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Park 44 on Reynard Cross Streets Laurel Gross Rent Multiplier Actual 16.84 Gross Rent Multiplier Project 18.79 Gross Scheduled Income Actual 146500 Gross Scheduled Income Project 163200 Home Owners Assoc Fee Includes Water Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 146989 Other Fees 0.0 Other Income Actual 27600 Projected Cap Rate 5.65 Projected Other Income 34200.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (coaxial) Tenant Pays WaterCable TVElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 3244 Unit Number For Unit2 3246 Unit Number For Unit3 3248 Unit Number4 3250 Unit1 Deposit 2500 Unit1 Occupied Tenant Unit1 Projected Rent 2850.0 Unit1 Rent Actual 2500.0 Unit2 Deposit 2500 Unit2 Occupied Tenant Unit2 Projected Rent 2850.0 Unit2 Rent Actual 2500.0 Unit3 Deposit 2400 Unit3 Occupied Tenant Unit3 Projected Rent 2850 Unit3 Rent Actual 2400.0 Unit4 Deposit 2500 Unit4 Occupied Tenant Unit4 Projected Rent 2850 Unit4 Rent Actual 2500.0 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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