3206-3216 Reynard Way 6 Unit Apartment Building $2,442,860 CAD ($407,143 CAD/Unit) 4.49% Cap Rate San Diego, CA 92103

3206-16 Reynard Way is located in Mission Hills on a residential street with easy access to restaurants, shopping and freeways. The 6 well laid out studios are contained in 2 structures built in 1957 totaling 2,685 square feet with a parking space for each unit. Situated on an 8,067 square foot lot, there is development potential with the RM-3-7 zoning as well as upside in the current rents.
Mission Hills has some of the highest home prices in the city of San Diego with most properties being single family or boutique retail. Mission Hills is located just south of the San Diego River valley and north of downtown San Diego, overlooking Old Town and San Diego Bay. It was subdivided on January 20, 1908 as a smaller portion of what is now referred to as Mission Hills. The City of San Diego describes Mission Hills as being the area north of Horton Avenue, South of Mission Valley, West of Goldfinch Street and Reynard Way, and East of the Old Town community area. Mission Hills is part of the 92103 zip code area. It is part of the Uptown community planning area.
The area is primarily residential, with some small shops and restaurants. The area was developed in the early 20th century and most of the houses are still from that era, often carefully preserved and restored. Homes there were also often designed by San Diego’s premier architects.
The main business streets are University Ave. and Washington St. Other major streets are Ft. Stockton Dr. and Sunset Blvd. Cross streets are named for birds, in alphabetical order from Albatross to Lark. Mission Hills contains two historic districts recognized by the City of San Diego.