3867 Menlo Avenue
San Diego, CA 92105
- 3 beds
- – baths
- 3,000 sqft
- 5,863 sqft lot
- $466 per sqft
- 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.
Last checked:
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Last updated Oct 29, 2024
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MLS# CRPTP2406190 —
The Building
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Year Built:1965
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Building Area Total:3000
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Building Area Units:Square Feet
Room Dimensions
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Living Area:3000
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Living Area Units:Square Feet
Location
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Directions:GPS
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Lot Size Area:0.13
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Lot Size Acres:0.13
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Lot Size SqFt:5863
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Lot Size Units:Acres
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Exterior Features:Other
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Zoning:Mult
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Parcel Number:4715910500
Listing Agent
- Contact info:
- Agent phone:
- (925) 872-6746
Beds
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Bedrooms Total:3
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/crmls/PTP2406190
Appliances
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Laundry Features:Common Area
The Community
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Association:false
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 | BRIDGE | $1,400,000 | |
|
10/18/24
Oct 18, 2024
|
Pending | BRIDGE | $1,400,000 | |
|
10/8/24
Oct 8, 2024
|
Listed / Active | BRIDGE | $1,400,000 |
