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3867 71 Menlo Avenue

San Diego, CA 92105

– beds
– baths
– sqft
5,863 sqft lot
1965 build
– on site

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, and a laundry room. 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 $110,124 Gross Scheduled Income with a Net Operating income of $76,066 with an immediately available rent increase yielding an above market true 5.44% Cap Rate. A savvy investor may elect to renovate units to achieve even higher rents. The property is well-parked with 5 off-street spaces with the potential to add 5 additional tandem spaces.

Listed By CRMLS_CA / Maxwell Brown / Commercial Asset Advisors / mbrown@caacre.com

Last checked: Checking… • Last updated Nov 21, 2024 •

MLS# PTP2406190 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1965
Year Built Source:

Estimated
Entry Level:

1
Common Walls:

1 Common Wall
Building Area Total:

3000.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

4
Stories Total:

2
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Entry Location:

street
Fireplace:

No
Laundry:

Common Area
Laundry:

1

Location

Directions:

GPS
Latitude:

32.74894600
Longitude:

-117.09399300

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

Multifamily
Lot Features:

21-25 Units/Acre
Lot Size Area:

5863.0000
Lot Size Acres:

0.1346
Lot Size SqFt:

5863.00
Lot Size Source:

Assessor
Fence:

No
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

1147
Tax Lot:

1147

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

4715910500

Heating & Cooling

Cooling:

No

Utilities

Sewer:

Public Sewer

Appliances

Included:

No

The Community

Senior Community:

No
Neighborhood:

City Heights
Features:

Curbs
Pool:

None
Private Pool:

No
Association:

No
Assessments:

No
Assessments:

None

Parking

Parking:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/18/24 Nov 18, 2024	Price Changed	CRMLS_CA	$1,399,000	-0.1%
10/21/24 Oct 21, 2024	Relisted	CRMLS_CA	$1,400,000
10/18/24 Oct 18, 2024	Pending	CRMLS_CA	$1,400,000

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This multifamily located in Mid-City, San Diego, CA 92105 is currently for sale for $1,399,000. 3867 71 Menlo Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 45 days. 3867 71 Menlo Avenue is in the Mid-City neighborhood of San Diego and has a WalkScore® of 94, making it a walker’s paradise. This multifamily is in the attendance area of Hoover High School, Rosa Parks Elementary School, and Clark Middle School.

Listing Courtesy of: CRMLS_CA and Commercial Asset Advisors. Based on information from California Regional Multiple Listing Service, Inc. as of 21:46 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.