3206-16 Reynard Way San Diego, CA 92103

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Richard Combs

[email protected] +1(619) 838-9307

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250018364

Property Description

This rare six-unit multifamily investment opportunity in Middletown, one of San Diego's most desirable rental markets, offers exceptional potential. Located on a spacious RM-3-7 zoned lot, the property provides numerous value-add possibilities, redevelopment flexibility, and strong rental demand. With the potential to convert studios into one-bedroom units, investors can increase both rents and property value. Projected rent growth of 8% this spring adds to the investment's appeal. Additionally, the property comes with an assumable 3.26% fixed-rate mortgage with Chase through 2026. Its large lot and RM-3-7 zoning allow for increased density and redevelopment opportunities. Situated within walking distance of dining, retail, and entertainment, and with proximity to major employment hubs and easy freeway and transit access, the location is prime. Offering strong cash flow potential, this investment is ideal for long-term holds or redevelopment strategies.

Location

State CA

County San Diego

Area Mission Hills (92103)

Zoning RM-3-7

Building

Story 1

Others

Space Rent $117,864

Special Listing Condition Call Agent

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Listed by Jason J Lee • JLM Real Estate Inc

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

3206-16 Reynard Way San Diego, CA 92103

Richard Combs

Key Details

Location

Building

Others

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3206-16 Reynard Way