Compass
Listed by Compass
$1,650,000
3206-16 Reynard Way
Details
APN 451-563-05-00
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 4.64%
Buildings 1
Lot Size (SqFt) 8,067
Zoning RM-3-7
Multifamily | 4.64% CAP | 6 Units
Marketing description
Offered at an exceptional basis of just $275,000 per unit, 3206-16 Reynard Way presents investors with a rare opportunity to acquire a well-located multifamily asset in San Diego's urban core. The property provides attractive day-one income while offering meaningful upside through future rental growth and the long-term potential to redevelop the site. Zoned RM-3-7, the property offers investors multiple paths to create value, whether through increasing rental income over time or capitalizing on the site's favorable zoning and future development potential. Opportunities to acquire well-located multifamily assets at this basis with immediate income and long-term upside are increasingly rare in core San Diego.
Listing Contacts
Compass
Listed by Compass
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