This rare six-unit multifamily investment opportunity in Middletown, one of San Diego’s most desirable rental markets, offers exceptional potential. Located on a spacious RM-3-7 zoned lot, the property provides numerous value-add possibilities, redevelopment flexibility, and strong rental demand. With the potential to convert studios into one-bedroom units, investors can increase both rents and property value. Projected rent growth of 8% this spring adds to the investment’s appeal. Additionally, the property comes with an assumable 3.26% fixed-rate mortgage with Chase through 2026. Its large lot and RM-3-7 zoning allow for increased density and redevelopment opportunities. Situated within walking distance of dining, retail, and entertainment, and with proximity to major employment hubs and easy freeway and transit access, the location is prime. Offering strong cash flow potential, this investment is ideal for long-term holds or redevelopment strategies.
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Appliances
: Dishwasher
Address Map
US
CA
SD
Mission Hills
92103
Reynard Way
3206-16
W118° 49' 47.5''
N32° 44' 19.4''
Metro Uptown
RM-3-7
Additional Info
JLM Real Estate Inc
Additional Information
: Other/Remarks, None
6
1
https://www.propertypanorama.com/instaview/snd/250018364
Financial
28125
Listing Information
683906
991580
ACTIVE
2025-03-27T01:57:15Z
sdmls
: Call Agent
$2,150,000
Listing ID #250018364
Basic Details
Property Type : Residential Income Additional
Listing Type : For Sale
Listing ID : 250018364
Price : $2,150,000
Status : Active
Property Sub Type : Com-Res Income
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