Skip to main content

Multifamily

2689 Reynard Way

2689 Reynard Way, San Diego, CA 92103

Listing Price: $2,495,000

Cap Rate
3.21%
Number of Units
7
GRM
14.61
Price/Unit
$356,429
Price/Gross SF
$680.21
Gross SF
3,668

Investment Overview

Marcus and Millichap is pleased to exclusively present for sale a rare, newly rehabilitated, and high-yield 7-unit apartment complex in the desirable south Mission Hills neighborhood of San Diego, CA. Comprised of three separate structures on a single 7,070 square foot lot, units include a front 2-bedroom / 1-bath casita, two brand new-construction 1-bedroom ADUs in the middle structure, and four 1-bedroom units in the rear structure. All units have been either fully renovated in 2016 and 2023 or newly built within the last year, featuring granite countertops, mini-split HVACs, brand new PEX plumbing, paint, solid wood and new custom cabinetry, stainless steel appliances, laminate flooring, sliding patio doors, tile in select showers, tankless water heaters, among several other upgrades.

Investment Highlights

  • Extremely High Barriers To Entry Mission Hills Neighborhood Near Downtown
  • Highest Cap Rate (5 Units And Up) Currently Offered In Mission Hills, Hillcrest, Bankers Hill
  • Stabilized Investment For The Owner/User Or Investor; Further Upside Pressing 1-Bed Rent
  • Brand New Construction Stand-Alone Middle Structure With Two Top-Quality 1-Bed ADUS
  • Brand New PEX Plumbing, Mini-Split HVACs, 3 Washer/Dryer, Drain Lines & Newer Roof
  • Substantial Development Across & Down Reynard; Driveway With Four Off-Street Parking Spaces

Exclusively Listed By

Financing By

Multifamily

2689 Reynard Way

Listing Price: $2,495,000

Cap Rate
3.21%
Number of Units
7
GRM
14.61
Price/Unit
$356,429
Price/Gross SF
$680.21
Gross SF
3,668

Investment Highlights

  • Extremely High Barriers To Entry Mission Hills Neighborhood Near Downtown
  • Highest Cap Rate (5 Units And Up) Currently Offered In Mission Hills, Hillcrest, Bankers Hill
  • Stabilized Investment For The Owner/User Or Investor; Further Upside Pressing 1-Bed Rent
  • Brand New Construction Stand-Alone Middle Structure With Two Top-Quality 1-Bed ADUS
  • Brand New PEX Plumbing, Mini-Split HVACs, 3 Washer/Dryer, Drain Lines & Newer Roof
  • Substantial Development Across & Down Reynard; Driveway With Four Off-Street Parking Spaces

Investment Overview

Marcus and Millichap is pleased to exclusively present for sale a rare, newly rehabilitated, and high-yield 7-unit apartment complex in the desirable south Mission Hills neighborhood of San Diego, CA. Comprised of three separate structures on a single 7,070 square foot lot, units include a front 2-bedroom / 1-bath casita, two brand new-construction 1-bedroom ADUs in the middle structure, and four 1-bedroom units in the rear structure. All units have been either fully renovated in 2016 and 2023 or newly built within the last year, featuring granite countertops, mini-split HVACs, brand new PEX plumbing, paint, solid wood and new custom cabinetry, stainless steel appliances, laminate flooring, sliding patio doors, tile in select showers, tankless water heaters, among several other upgrades.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower