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3206-3216 Reynard Way 6 Unit Apartment Building $2,337,192 CAD ($389,532 CAD/Unit) 4.64% Cap Rate San Diego, CA 92103
Investment Highlights
- Exceptional Basis – Offered at just $275,000/unit in San Diego's urban core.
- $205/Land SF – Compelling basis for RM-3-7 zoned land in core San Diego.
- RM-3-7 Zoning – Long-term redevelopment potential in a supply-constrained market.
- Prime Infill Location – Minutes from Downtown, Little Italy, Mission Hills, and major employment centers.
Executive Summary
Offered at an exceptional basis of just $275,000 per unit, 3206-16 Reynard Way presents investors with a rare opportunity to acquire a well-located multifamily asset in San Diego's urban core. The property provides attractive day-one income while offering meaningful upside through future rental growth and the long-term potential to redevelop the site.
Zoned RM-3-7, the property offers investors multiple paths to create value, whether through increasing rental income over time or capitalizing on the site's favorable zoning and future development potential. Opportunities to acquire well-located multifamily assets at this basis with immediate income and long-term upside are increasingly rare in core San Diego.
Zoned RM-3-7, the property offers investors multiple paths to create value, whether through increasing rental income over time or capitalizing on the site's favorable zoning and future development potential. Opportunities to acquire well-located multifamily assets at this basis with immediate income and long-term upside are increasingly rare in core San Diego.
Property Facts
| Price | $2,337,192 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $389,532 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.64% | Building Size | 4,602 SF |
| Gross Rent Multiplier | 13.76 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Zoning | RM 3-7 - High Density Residential | ||
| Price | $2,337,192 CAD |
| Price Per Unit | $389,532 CAD |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| Gross Rent Multiplier | 13.76 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,602 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RM 3-7 - High Density Residential |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 447 |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 451-563-05 | Improvements Assessment | $616,303 CAD |
| Land Assessment | $2,254,770 CAD | Total Assessment | $2,871,073 CAD |
Property Taxes
Parcel Number
451-563-05
Land Assessment
$2,254,770 CAD
Improvements Assessment
$616,303 CAD
Total Assessment
$2,871,073 CAD
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3206-3216 Reynard Way
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