3865 77 Menlo Avenue
San Diego, CA 92105
- – beds
- – baths
- – sqft
- 12,625 sqft lot
- 1964 build
- – on site
3865-77 Menlo Ave presents the opportunity to acquire 2 Contiguous parcel Multifamily Assets in Central San Diego totaling 15 units across 3 structures on a 12,625 sqft combined lot. The assets are located in 6.5 FAR Tier 3 Complete Community Zoning, which allows for a future high-density development opportunity. 3865-71 Menlo Ave consists of 5 units: (1) detached 2 bed / 1 bath house and a quadplex of 1 bed / 1 bath units with an onsite laundry room in the rear. The parcel size is 6,375 Sqft. 3877 Menlo consists of 10 units: (8) 1 bed / 1 baths & (2) 2 bed / 1 baths. The parcel size is 6,250 sqft. Both assets are turnkey with additional upside at an in-place cap rate averaging 4.49% or a 4.72% cap rate if rent increases were provided to the immediately viable units. For an investor looking to further maximize returns, lightly renovated units could achieve a proforma cap rate of 5.80%. The asset includes 15 on-site parking spaces providing for a desirable 1 parking space per unit. An additional 5 tandem parking spaces could be achieved if the fence was pushed back on 3865-71 Menlo Ave
Listed By CRMLS_CA / Maxwell Brown / Commercial Asset Advisors / mbrown@caacre.com
Last checked:
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Last updated Oct 28, 2024
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MLS# PTP2405741 —
The Building
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Year Built:1964
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:8789.00
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Building Area Units:Square Feet
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# of Buildings:3
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Total Number Of Units:15
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Stories Total:2
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# of Separate Gas Meters:16
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# of Separate Water Meters:2
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# of Separate Electric Meters:16
Interior
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Entry Location:street
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Fireplace:No
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Laundry:Community
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Laundry:1
Location
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Directions:GPS
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Latitude:32.74899800
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Longitude:-117.09421500
The Property
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Property Type:Residential Income
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Zoning:Multifamily Complete Communities 6.5 FAR
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Lot Features:36-40 Units/Acre
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Lot Size Area:12625.0000
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Lot Size Acres:0.2898
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Lot Size SqFt:12625.00
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Lot Size Source:Public Records
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Fence:No
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Property Attached:1
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Additional Parcels:Yes
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Additional Parcels Description:471-591-32
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:471-59
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Tax Lot:471-591-32
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4715910500
Heating & Cooling
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Cooling:No
Utilities
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Sewer:Public Sewer
Appliances
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Included:No
The Community
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Senior Community:No
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Neighborhood:City Heights
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Features:Curbs
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Pool:None
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Private Pool:No
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Association:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/16/24
Oct 16, 2024
|
Price Changed | CRMLS_CA | $3,974,999 | 0.0% |
9/18/24
Sep 18, 2024
|
Listed / Active | CRMLS_CA | $3,975,000 |