3867 Menlo Avenue
San Diego, CA, 92105
$1,390,000
Beds
0 Baths
SqFt
0.13 Acres
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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
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26-30 Units/ Acre
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2

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3867 Menlo Avenue
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