2691 Reynard
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2691 Reynard

C

San Diego, CA 92103

$999,000
NEW — 3d

Soft Appraisal Value: $974,300 · 2.5% above estimate

Beds

2

Baths

1.5

Sqft

1,066

Year Built

1946

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260014908SD

This property is in San Diego (92103). View neighborhood stats →

About This Property

Rare Uptown San Diego redevelopment opportunity. Situated on a flat 6,370 SF lot, this property is zoned RM-2-5 and located within a Sustainable Development Area (SDA), Transit Priority Area (TPA), and Complete Communities Housing Solutions (CCHS) area. The existing 2-bedroom, 1.5-bath home offers approximately 1,066 square feet of living space plus a basement and presents a value-add opportunity for investors, builders, and developers. Renovate the current residence, hold as a rental, or explore the property's future development potential. Ideally positioned just minutes from Little Italy, Mission Hills, Bankers Hill, Downtown San Diego, the waterfront, Balboa Park, and San Diego International Airport. Opportunities to acquire a flat infill lot with this combination of zoning, location, and redevelopment potential are increasingly rare in one of San Diego's most sought-after urban neighborhoods. Buyer and Buyer's Agent to verify all information, zoning, development potential, and permitted uses prior to close of escrow.

Mortgage Calculator

Est. Monthly Payment

$6,342

Principal & Interest$5,051
Property Tax$999
Insurance$291
%($199,800)
%

Location

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Investment Score

30C
Est. Monthly Rent
$4,469
Monthly Cashflow

Rent − PITIA

$-1,872
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,733

Mortgage (P+I)
$5,051
Cap Rate
1.58%
Cash-on-Cash
-22.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$9,317

NOI (Annual)
$15,824
Price-to-Rent

Lower = better for investors

18.6

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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