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, a laundry room, and 5 off-street parking spaces. 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 $107,772 Gross Scheduled Income with a Net Operating income of $79,315 yielding an above market true 5.69% Cap Rate. A savvy investor may elect to renovate units to achieve even higher rents. The contiguous 10 unit property 3877 Menlo Ave is also available for sale with the same ownership.
Property Details
Price:
$1,390,000
MLS #:
PTP2503727
Status:
Active
Baths:
0
Address:
3867 Menlo Avenue
Type:
Residential Income
Neighborhood:
92105eastsandiego
City:
San Diego
Listed Date:
Apr 15, 2025
State:
CA
ZIP:
92105
Lot Size:
5,863 sqft / 0.13 acres (approx)
Year Built:
1960
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Curbs
Garage Spaces
0.00
Lot Features
26-30 Units/ Acre
Parking Features
Assigned
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Financial
Association Fee
0.00
Map
Community
- Address3867 Menlo Avenue San Diego CA
- Area92105 – East San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92105
Similar Listings Nearby
- 4608 Georgia St
San Diego, CA$1,795,000
3.09 miles away
- 768 17th Street
San Diego, CA$1,795,000
4.01 miles away
- 5075 35th St
San Diego, CA$1,725,000
2.02 miles away
- 2416 Polk Ave
San Diego, CA$1,700,000
2.59 miles away
- 1990 Harrison Avenue
San Diego, CA$1,699,999
4.08 miles away
- 3891 Superior St
San Diego, CA$1,695,000
3.32 miles away
- 4874 Palm Ave
La Mesa, CA$1,675,000
4.50 miles away
- 7201 Amherst St
La Mesa, CA$1,675,000
3.25 miles away
- 4365 Kansas
San Diego, CA$1,667,000
2.22 miles away
- 2715 A Street
San Diego, CA$1,650,000
3.19 miles away

3867 Menlo Avenue
San Diego, CA
LIGHTBOX-IMAGES