tomo logo

$1,400,000

Beds
3
sq ft
Unknown

3867 Menlo Ave, San Diego, CA 92105

3867 Menlo Ave

San Diego, CA 92105

  • 28 days on market
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.

Details

Property type

Lot size

5,863 sq ft

Price per sq ft

Unknown

Year built

Unknown

Price History

10/22/2024
SanDiego

SanDiego #PTP2406190

Listed
$1,400,000
10/19/2024
SanDiego

SanDiego #PTP2406190

Pending
$1,400,000
10/07/2024
SanDiego

SanDiego #PTP2406190

Listed
$1,400,000

Schools & Community

Neighborhood: 

Fairmount Village

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/04/2024 at 12:55 PM

Listing updated: 10/29/2024 at 12:51 AM

Listed by: Maxwell R Brown, Phone #: (858) 360-3000

MLS: SanDiego #PTP2406190

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