Multifamily Property with Development
For Sale
$1,475,000
3206-16 Reynard Way, San Diego, CA 92103
Urban-core San Diego asset with RM-3-7 zoning and existing income in place.
Property Size8,067 SF
Price / SF$182.84
Days on Market109
Property Features for 3206-16 Reynard Way
General Information
Standard status
Active
Size
8,067 SF
Property subtype
Commercial-Res Income / Com-Res Income
Zoning
RM-3-7
Amenities
1
6.0
6
Listing Agency:
Compass
Listed By:
Derek Kaptanoglu · License #02043281
(858) 221-9649
Source:
Compass
Added: Jul 1
Changed: Oct 10
Last Checked: Oct 16 at 11:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This multifamily property at 3206-16 Reynard Way provides 8,067 SF of property area within San Diego’s urban core. The asset is positioned as an income-producing residential property with existing day-one income, supporting immediate operations rather than a vacant-site strategy.
RM-3-7 zoning creates a framework for multifamily use and potential future redevelopment. The property also offers the possibility of pursuing additional rental growth over time, subject to applicable approvals and market conditions. Its urban-core setting and residential zoning give the site relevance for investors evaluating both current income and longer-term property configuration.
RM-3-7 zoning creates a framework for multifamily use and potential future redevelopment. The property also offers the possibility of pursuing additional rental growth over time, subject to applicable approvals and market conditions. Its urban-core setting and residential zoning give the site relevance for investors evaluating both current income and longer-term property configuration.
Key Highlights
- 8,067 SF multifamily property
- RM‑3‑7 zoning
- Located at 3206‑16 Reynard Way, San Diego, CA 92103
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,332
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,666,640
$2.7M
Cap Rate 7%
$1,904,743
$1.9M
Cap Rate 9%
$1,481,467
$1.5M
Market Conditions
NOI Build-Up for 8,067 SF
Gross rent
$256.5K $31.80/SF
− Vacancy
−$14.1K −$1.75/SF
EGI
$242.4K $30.05/SF
− OpEx
−$109.1K −$13.52/SF
NOI
$133.3K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,666,640
Cap Rate 7%
$1,904,743
Cap Rate 9%
$1,481,467
Alternative Uses
Best Use
Apartment 5plus
$1.90M
$1.67M – $2.22M
NOI $133,332 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.19M
$2.79M – $3.72M
NOI $223,036 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Urban-core San Diego asset with RM-3-7 zoning and existing income in place.
Where is this multifamily property located?
The property is located at 3206-16 Reynard Way San Diego, CA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 8,067 SF multifamily property; RM‑3‑7 zoning; Located at 3206‑16 Reynard Way, San Diego, CA 92103
