San Diego, CA 92105,3867 Menlo Avenue
San Diego, CA 92105,3867 Menlo Avenue
San Diego, CA 92105,3867 Menlo Avenue
36
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$1,390,000
Est. payment /mo
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3 Beds
2 Baths
Price Dropped by $5K

3867 Menlo Avenue San Diego, CA 92105

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2503727

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

3865-71.5 Menlo Ave possesses 5 total units consisting of a detached 2 Bed / 1 Bath House + a rear Fourplex consisting of (4) 1 Bedrooms / 1 Bath units, a laundry room, and 5 off-street parking spaces. The property is legally a 4 unit on tax records and title, but was built as a 5 unit and is currently operating as a 5 unit. This rare scenario provides a new buyer the opportunity to achieve 30 year fixed residential financing while receiving income from 5 original construction units! The property produces a strong $107,772 Gross Scheduled Income with a Net Operating income of $79,315 yielding an above market true 5.69% Cap Rate. A savvy investor may elect to renovate units to achieve even higher rents. The contiguous 10 unit property 3877 Menlo Ave is also available for sale with the same ownership.

Location

State CA

County San Diego

Zoning Estimated

Direction GPS

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 4715910500


MLS Router / San Diego MLS
Listed by Maxwell Brown Commercial Asset Advisors

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agent

Jennifer Gascon

Agent | License ID: 01943416

+1(858) 382-0349

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3867 Menlo Avenue