2962-64 Reynard Way San Diego, CA 92103
- Apartment buildings
- 4,280 SF
- 0.16 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 2962-64 Reynard Way
- Year built
- 2000
- Lot size
- 0.16 lot acres
- Property size
- 4,280 SF
- Property type
- Apartment buildings
Description
This exceptional six-unit apartment building, located at 2962-64 Reynard Way in San Diego's desirable Mission Hills neighborhood, presents a compelling investment opportunity. Built in 2000/2023, the property boasts a total of 4,280 square feet on a 0.16-acre lot (APN: 451-580-05-00). The unit mix includes one studio, one one-bedroom/one-bathroom, and four two-bedroom/one-bathroom units, offering diverse rental options. Each unit features high-end finishes, including sleek vinyl plank flooring, mini-split air conditioning, custom lighting, spa-like bathrooms with adjustable dual-head showers, and stylish kitchens with stainless steel appliances and elegant backsplashes. On-site laundry adds convenience for residents. The property's prime location provides easy access to Little Italy, parks, and popular restaurants. With a current NOI of $137,098, a cap rate of 4.73% (pro-forma 4.86%), and an asking price of $2,899,000 ($483,167 per unit and $677.34 per square foot), this property offers strong potential for return on investment. The property's modern design and desirable location in Mission Hills make it an attractive option for discerning renters and investors alike.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.17
- Latitude
- 32.7363
