NOT LISTED FOR SALE

3220 Reynard Way San Diego, CA 92103

Middletown Neighborhood
4 Beds
4 Baths
2,695 Sq Ft
1950 Built

Last Sold December 05, 2012

Last sale price $604,880 $224 Per Sq Ft

69 Days on Market

About This Home

As of December 2012

Price Reduction and the Seller is replacing all of the windows and remediating the termite damage! MOTIVATED SELLER! The property has a unit mix of one studio, one 1br/1ba, one 1br/1ba cottage, and one 2br/1ba cottage. Tenants enjoy off-street parking and on-site laundry and have easy access to Little Italy, Downtown, Hillcrest, and Beaches. The property has minimal deferred maintenance and additional income can be realized by moving the rents to market and leasing out the garage and storage unit.

Last Agent to Sell the Property

Thomas McCartin

Marcus & Millichap License #01427348 Listed on: 08/24/2012

Last Buyer's Agent

Thomas McCartin

Marcus & Millichap License #01427348 Listed on: 08/24/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Home Design

  • Composition Roof

Additional Features

  • 2-Story Property
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 451-563-06-00

Community Details

Overview

  • 3 Buildings
  • 4 Units

Additional Features

  • Laundry Facilities
  • Net Operating Income $23,383

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Eagle
  • Neighborhood: South Mission Hills
  • LP / Sq Ft: 230.06
  • Price Per Sq Ft: 224.45
  • SP/ Sq Ft: 224.45
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Unit Sq Ft: 2695
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Exterior Features

  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: MIDDLETOWN
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 451-563-06-00
  • Land Use Code: R-4

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 23383
  • Annual Expense Actual: 17728
  • Annual Expense Projected: 15551
  • Gross Rent Multiplier Actual: 15.22
  • Gross Rent Multiplier Projected: 13.33
  • Gross Sched Income Actual: 42373
  • Gross Sched Income Projected: 50413
  • Number Of Buildings: 3
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 313
  • Other Income Projected: 2413

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2012 12/05/12 Sold $604,880 -5.5% $224 / Sq Ft
10/30/2012 10/30/12 Pending -- -- --
08/22/2012 08/22/12 For Sale $640,000 -- $237 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Thomas McCartin

    Seller's Agent in 2012

    Thomas McCartin

    Marcus & Millichap

    (858) 362-9376

    1 in this area

    34 Total Sales

    Thomas McCartin
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Map

Source: San Diego MLS

MLS Number: 120043062

San Diego MLS

California San Diego County San Diego 92103 Middletown

3220 Reynard Way, San Diego, CA

This home is located at 3220 Reynard Way, San Diego, CA 92103 since 24 August 2012. This property was built in 1950. 3220 Reynard Way is a home located in San Diego County with nearby schools including Grant K-8, Richard Henry Dana Middle School, and Roosevelt International Middle School.

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