3865 Menlo Avenue, San Diego, CA, 92105

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$3,975,000
96 Days On Site

3865 Menlo Avenue
San Diego, CA 92105

For Sale|Residential Income|Active
0
Beds
0
Full Baths
0
Partial Baths
8,789
SqFt
$452
/SqFt
1964
Built
County:
San Diego
Listed by Maxwell Brown of Commercial Asset Advisors [email protected]

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3865 Menlo Avenue3865 Menlo Avenue3865 Menlo Avenue3865 Menlo Avenue
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3865-77 Menlo Ave presents the opportunity to acquire 2 Contiguous parcel Multifamily Assets in Central San Diego totaling 15 units across 3 structures on a 12,625 sqft combined lot. The assets are located in 6.5 FAR Tier 3 Complete Community Zoning, which allows for a future high-density development opportunity. 3865-71 Menlo Ave consists of 5 units: (1) detached 2 bed / 1 bath house and a quadplex of 1 bed / 1 bath units with an onsite laundry room in the rear. The parcel size is 6,375 Sqft. 3877 Menlo consists of 10 units: (8) 1 bed / 1 baths & (2) 2 bed / 1 baths. The parcel size is 6,250 sqft. Both assets are turnkey with additional upside at an in-place cap rate averaging 4.52% or a 4.76% cap rate if rent increases were provided to the immediately viable units. For an investor looking to further maximize returns, lightly renovated units could achieve a proforma cap rate of 5.84%. The asset includes 15 on-site parking spaces providing for a desirable 1 parking space per unit. An additional 5 tandem parking spaces could be achieved if the fence was pushed back on 3865-71 Menlo Ave

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Listing Snapshot
Price 
$3,975,000
Days On Site 
96 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,789 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2898 Acres
Year Built 
1964
MLS® Number 
PTP2405741
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoPrice changed to $3,975,000
3 months agoListing first seen on site
General Features
Acres 
0.2898
Number Of Stories 
2
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
8789
Zoning 
Multifamily Complete Comm
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Community Features
Building Access 
street
Community Features 
Curbs
Financing Terms Available 
Conventional
MLS Area 
92105 - East San Diego


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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