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3244-50 Reynard Way

San Diego, CA 92103
  • $2,950,000 - $3,350,000
  • STATUS: ACTIVE
  • ON SITE: 119 Days
  • ID#: 230010204
UPDATED: 39 min ago
$2,950,000 - $3,350,000
  • 4
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

*** Seller found their exchange*** Dramatic Price reduction *** Extremely rare opportunity to have a development Project in one of San Diego's most incredible neighborhoods. Possible 14 Units with 1 Affordable unit requirement. The property close to the world-renowned Balboa Park and is within walking distance of trendy restaurants, upscale grocery stores, coffee shops, and nightlife. Prime location, minutes from Downtown San Diego, Little Italy, the world-famous San Diego Zoo, Balboa Park, the beaches of La Jolla, the best shopping in San Diego, and a multitude of restaurants and coffee shops. Almost all Shavel-ready project, demolition, and project plan has been submitted. Project feasibility will be impacted by the final design and concept. Based on the project concept financial analysis, revenues, and cost. The project supports based on a stabilized yield cost debt Ratio of 7

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/140061523
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3244-50 Reynard Way San Diego, CA 92103

  • Price: $2,950,000 - $3,350,000
  • Status: ACTIVE
  • On Site: 119 Days
  • Updated: 39 min ago
  • ID#: 230010204
4
Beds
3
Baths
0
½ Baths
0.15
Acres
Neighborhood:
Mission Hills (92103)
County:
San Diego
Area:
Mission Hills (92103)
Property Description
*** Seller found their exchange*** Dramatic Price reduction *** Extremely rare opportunity to have a development Project in one of San Diego's most incredible neighborhoods. Possible 14 Units with 1 Affordable unit requirement. The property close to the world-renowned Balboa Park and is within walking distance of trendy restaurants, upscale grocery stores, coffee shops, and nightlife. Prime location, minutes from Downtown San Diego, Little Italy, the world-famous San Diego Zoo, Balboa Park, the beaches of La Jolla, the best shopping in San Diego, and a multitude of restaurants and coffee shops. Almost all Shavel-ready project, demolition, and project plan has been submitted. Project feasibility will be impacted by the final design and concept. Based on the project concept financial analysis, revenues, and cost. The project supports based on a stabilized yield cost debt Ratio of 7
Exterior Features

Parking Garages Parking Spaces Total 14 Units With Garages 14

Interior Features

Heating Central Forced Air Gas Sq Ft Of Improvement 8500 Stories 3 Story Units With Dishwashers 14 Units With Disposals 14 Units With Ranges 14 Units With Refrigerators 14

Property Features

Actual Gross Scheduled Income 0.0 Actual Operating Expense 0 Assumable Finance 0 Buildings 1 Existing Financing Conventional Gross Equity 30000000 Gross Multiplier 0 Have 14 Units Apartment Unit Mandatory Remarks None Known Mandatory Remarks For Value Range Pricing Seller Will Entertain Offers Between 2950000 - 3350000 Market Area Metro Uptown Motive Want 1031 Projected Annual Pi Expense 9.8 Projected Gardener Expense 1800 Projected Gas And Electric 7250 Projected Gross Operating Inc 484680 Projected Gross Scheduled Inc 486000 Projected Net Income 387966 Projected Operating Expense 96714 Projected Other Expense 8000 Projected Other Income 8400 Projected Pest Expense 2000 Projected Property Mgmt Expense 23814 Projected Taxes Expense 43500 Projected Total Expense 96714 Projected Trash Expense 4000 Projected Vacancy And Credit Loss 9720 Projected Water And Sewer Expense 4000 Short Sale No Sq Ft Source Buyer To Verify Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms Cash Unit Number1 6 Unit Number2 7 Unit Number3 1 Unit Rent Total1 19500 Unit Rent Total2 19600 Unit Rent Total3 1400 Unit Rent1 3250 Unit Rent2 2800 Unit Rent3 Affordable Plan Unit Type Apartment Zoning R-4:Multip

San Diego MLS logo Listing provided courtesy of Orr Olson of Utchomes: 858-337-1791. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty | Keller Williams La Jolla
4138 Napier St.
San Diego CA, 92110