3206 Reynard Way
San Diego, CA 92103
Active for $2,250,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: N/A sqft
| MLS | 250018364SD |
| Year Built | |
| Property Type | Mixed Use |
| County | San Diego |
| Status | Active |
| Active | $2,250,000 |
| Structure Size | N/A sqft |
| Lot Size | N/A sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Jason Lee, JLM Real Estate Inc 619-891-0403. *Based on information from the Association of REALTORS/Multiple Listing as of 02/12/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Mohammad Sandhu
REALTOR®
Direct: 310.272.3500
Email: Email Me
DRE: 01486945
DRE #01873088
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