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3139 Reynard Way

San Diego CA 92103

3
2
3250 sq. ft.
Other
Currently for sale - view listing

Overview

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

Features

3 bedrooms
2 bathrooms
3250 sq. ft. floor area
Other

Happy sellers in San Diego

90%
90% of sellers in San Diego reported that their sale price either exceeded or met their price expectations.

San Diego stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in San Diego over the last 12 months.

Local market activity for 3 bedroom other properties in San Diego

In the last 12 months, 4 three-bedroom other properties similar to 3139 Reynard Way, have been sold.

This represents a 72% increase in three-bedroom other properties sales when compared to the previous 12 months.

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