Pleased to present 3139-47 Reynard Way located in San Diego, CA. The 5-unit apartment complex is ideally located in the central neighborhood of Bankers Hill and boasts proximity to all the best attractions the neighborhood has to offer. Originally built in approximately 1957, the property is situated on a large 8,946 SF lot and the building measures approximately 3,250 square feet. The unit mix consists of (4) 1-bedroom / 1-bathroom units and (1) two-bedroom/1-bathroom unit. The 2-bedroom unit is currently rented as a 1-bedroom unit with the second bedroom being used as storage but could easily be repurposed back into an additional bedroom. Current ownership has self-managed the property and completed some capital improvements including dual-pane vinyl windows in all units and a newer hot water heater. Attractive tenant offerings of the single-story complex include a communal courtyard space, on-site laundry room and back porch area for select units. Current rents are significantly below market and offer a savvy investor an opportunity to extensively renovate and capture market rents in this desirable location. The property is also situated in Complete Communities Tier 3 allowing a 6.5 FAR and the large lot size could bode well for a complete redevelopment to significantly increase density. Located within minutes of Iconic Balboa Park and the bustling neighborhoods of Mission Hills and Hillcrest, the property is well positioned for continued growth. Bankers Hill is a hub for entertainment and lifestyle, the area is perfect for residents looking for
Location, location, location, these phenomenal units in hillcrest must not be missed! Having a separate detached free standing 2-bedroom unit is a fantastic feature, providing flexibility for extended family, guests, or rental income. The multi-family zoning and potential for additional construction make this property even more attractive for investment or future expansion. The proximity to amenities like grocery stores, restaurants, and hospitals, as well as easy access to major roadways and the beach, adds to the appeal of the location. Overall, it seems like a wonderful opportunity to enjoy the best of Hillcrest living while also having rental income. This property is one of 2 properties in a portfolio being offered for sale. Each property can be purchased on an individual basis. Don’t miss this fantastic opportunity to acquire a value-add coastal asset with healthy current income and development potential in one of San Diego's most desirable residential submarkets.
Prime commercial opportunity in the heart of Hillcrest/University Heights. 4033-37 Park Blvd is a well-maintained 6 unit apartment offering strong street frontage and excellent visibility along a high-traffic corridor. Located in a vibrant, walkable neighborhood with consistent demand and close proximity to restaurants, residential developments, and public transportation. Zoned for commercial use with potential for rental income growth or future redevelopment. Convenient access to I-163, I-8, and Downtown San Diego. A rare investment opportunity in one of San Diego’s most active urban markets. Do not disturb tenants. Drive by only.
Call for Offers first Week Of June - Prime development or income opportunity located in the heart of Hillcrest, San Diego. 5 Units, Alley Access with 3 Garage on this 6,094 SF parcel is zoned RM-3-9 and falls within the Complete Communities Tier 2 overlay, allowing for up to 8.0 FAR. Delivered vacant with five existing structures 5 Detached Structures (1 main house + 4 detached Bungalows units), the property offers investors or developers covered cap rate and/or flexible exit options, including stabilized income, short-term rental operations, master lease, or ground-up development. Strategically located within the Transit Priority Area (TPA), Sustainable Development Area (SDA), and Mobility Zone 2.
Fully renovated craftsman house and one-bedroom flat with large rear lot for ADU’s or high-density new development in Hillcrest, central San Diego’s strongest housing market. Located in an Opportunity Zone and Complete Communities Tier 3 with FAR of 6.5. The two existing homes on site are currently rented for $3,480 and $2,050 per month. Existing third-party reports available upon request. Hillcrest is central San Diego’s premier residential neighborhood offering a vibrant urban lifestyle while still maintaining a sense of tranquility. The area is thriving with new construction along with renovation of existing buildings, offering a unique blend of historic charm and contemporary urban living. Residents are walking distance to top ranked restaurants, parks, trendy cafés, eclectic shops, farmers markets, schools, and entertainment. The community boarders Balboa Park, the City of San Diego’s preeminent recreational destination. Hillcrest also feature numerous convenient thoroughfares, allowing easy access to Downtown and Mission Valley, along with Hwy 163, I-5, and I-8. As a result, Hillcrest has become a magnet for young professionals, families, and high net worth individuals, making it ideal for real estate investment and development.
Don't miss this exceptional Craftsman home in the heart of Hillcrest! Blending timeless charm with thoughtful modern updates, this property radiates character. The original fireplace and hardware preserve its historic appeal, while features like the breakfast nook with vaulted ceilings in the 2-bedroom unit provide a sense of comfort and style. Ample parking and a detached garage are coveted luxuries in urban living. With multi-family zoning and the potential for additional construction, this property is a prime investment opportunity, whether for future expansion or rental income. The fully fenced, private yard offers both security and seclusion, a rarity in such a central location. Conveniently located near grocery stores, restaurants, hospitals, and with easy access to major roadways and the beach, the lifestyle benefits are undeniable. This is a rare opportunity to acquire 5 units in one of San Diego's most desirable neighborhoods—perfect for those looking to invest in both the charm and future potential of Hillcrest living.
Very well maintained and partially renovated fourplex ideally located in the "92103" on the boarder of Hillcrest, University Heights, and North Park. The property is 100% occupied with low operating costs and immediate rental upside. The property features a two-story front house including a 1284 SF three-bedroom with in-unit laundry downstairs and 520 SF fully renovated studio upstairs with private patio and area views. The back building features an 812 SF two-bedroom, fully renovated 263 Sf studio, laundry room, new roof, and off-street parking with ally access. Tenants pay separate utilities and landlord pays water. The property is Complete Communities Tier 3 with FAR of 6.5, ideal for future high density multifamily development. Broker is also the property owner.
San Diego is located in California. San Diego, California 92103has a population of 1,385,398. San Diego 92103 is less family-centric than the surrounding county with 32.06% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in San Diego, California 92103 is $89,457. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in San Diego 92103 is 35.4 years.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 45.6 degrees. The average rainfall is approximately 11.7 inches per year, with 0 inches of snow per year.
