3206 Reynard Way #16, San Diego, CA — $1,650,000

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About this home

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.

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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$265,000 · Jan 2000

📋 Assessed value$2,067,444

💵 Annual tax$25,414

🏫 School districtSan Diego City Unified School District

MLS #260016883

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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VA loan (no PMI)

Estimated total monthly payment

$10,337

Principal & interest$8,343

Property tax$1,513

Home insurance$481

Down payment: $330,000Loan: $1,320,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.