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 (1) Studio, (3) 1 Bedrooms / 1 Bath, 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 still 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 $73,136 with an immediately available rent increase yielding an above market true 5.22% 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…
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Last updated Oct 28, 2024
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MLS# PTP2406190 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1965
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Year Built Source:Estimated
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Entry Level:1
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Common Walls:1 Common Wall
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Building Area Total:3000.00
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:2
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Entry Location:street
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Fireplace:No
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Laundry:Common Area
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Laundry:1
Location
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Directions:GPS
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Latitude:32.74894600
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Longitude:-117.09399300
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:Multifamily
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Lot Features:21-25 Units/Acre
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Lot Size Area:5863.0000
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Lot Size Acres:0.1346
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Lot Size SqFt:5863.00
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Lot Size Source:Assessor
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Fence:No
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Property Attached:1
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:1147
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Tax Lot:1147
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:No
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Assessments:None
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 |
---|---|---|---|---|
10/21/24
Oct 21, 2024
|
Relisted | CRMLS_CA | $1,400,000 | |
10/18/24
Oct 18, 2024
|
Pending | CRMLS_CA | $1,400,000 | |
10/7/24
Oct 7, 2024
|
Listed / Active | CRMLS_CA | $1,400,000 |