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3051 Reynard

3051 Reynard Way, San Diego, CA 92103, USA

Active

$1,975,000

Mixed-Use Redevelopment Opportunity in Mission Hills

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Property Type

Mixed-Use

Units

4

SqFt

6,222

Price

$1,975,000

Price/Unit

$493,750

Year Built

1948

Market

Mission Hills

Price/SF

$317

Cap Rate

3.14%

GRM

18.64

Unit Mix

Mixed-Use

Property Description

3051–3069 Reynard Avenue is a multi-tenant commercial property comprised of several distinct structures on a corner site in the Bankers Hill / Mission Hills area of San Diego. The property features a mix of creative, wellness, and studio-oriented uses, providing stable in-place income with long-term repositioning and redevelopment optionality.

The site consists of two adjoining legal parcels totaling approximately 14,246 square feet and is zoned CN-1-3 within the Complete Communities Tier 3 overlay, allowing for increased density and a floor area ratio of up to 6.5. Recent redevelopment activity nearby, including the Rainford Apartments site at 3660 Reynard Way acquired and redeveloped as a higher-density residential project, highlights the area’s proven land value and development trajectory.

Located just north of Downtown San Diego near Mission Hills and Old Town, the property offers a well-located, income-producing asset with embedded long-term upside in a supply-constrained infill submarket.

Contact Agent

Nick Hernandez

619-602-0263

DRE # 02207439

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