There are multiple listings for this address:
3867 Menlo Avenue
San Diego, CA, 92105
$1,400,000
Beds
0 Baths
SqFt
0.13 Acres
Add
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! Roughly half of the units possess light interior updates while the other half are in unrenovated condition. 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.

Property Details

Price:
$1,400,000
MLS #:
PTP2407391
Status:
Active
Baths:
0
Address:
3867 Menlo Avenue
Type:
Residential Income
Neighborhood:
92105eastsandiego
City:
San Diego
Listed Date:
Dec 3, 2024
State:
CA
ZIP:
92105
Lot Size:
5,863 sqft / 0.13 acres (approx)
Year Built:
2000
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Schools

Interior

Exterior

Community Features
Curbs
Garage Spaces
0.00
Lot Features
21-25 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2

Financial

Association Fee
0.00

Map

Community

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3867 Menlo Avenue
San Diego, CA
3867 Menlo Avenue
San Diego, CA, 92105
$1,400,000
Beds
0 Baths
SqFt
0.13 Acres
Add
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! Roughly half of the units possess light interior updates while the other half are in unrenovated condition. 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.

Property Details

Price:
$1,400,000
MLS #:
PTP2407393
Status:
Active
Baths:
0
Address:
3867 Menlo Avenue
Type:
Residential Income
Neighborhood:
92105eastsandiego
City:
San Diego
Listed Date:
Dec 3, 2024
State:
CA
ZIP:
92105
Lot Size:
5,863 sqft / 0.13 acres (approx)
Year Built:
2000
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Exterior

Community Features
Curbs
Garage Spaces
0.00
Lot Features
21-25 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2

Financial

Association Fee
0.00

Map

Community

Similar Listings Nearby