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Listed by Maxwell R Brown • Commercial Asset Advisors
$ 1,390,000
Est. payment | /mo
3,000 SqFt
$ 1,390,000
Est. payment | /mo
3,000 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $463
MLS Listing ID 8P-2503727
Year Built 1960
Lot Size 5,863 Sqft
Property Description
3865-71.5 Menlo Ave possesses 4 units consisting of a detached 2 Bed / 1 Bath House, (3) 1 bed / 1 bath units, community laundry room, and 5 off-street parking spaces. 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.
Location
State CA
County San Diego
Area 92105 - East San Diego
Zoning RM
Interior
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Curbs
View Y/N No
Building
Lot Description 26-30 Units/Acre
Sewer Public Sewer
Others
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2503727
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114