3867-3871 Menlo Ave - Apartments FOR SALE


San Diego, CA 92105- Fairmont Village
$1,395,000 USD
925-872-6746
3867-3871 Menlo Ave, San Diego, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/22
null | 5.29% Cap Rate

3867-3871 Menlo Ave
San Diego, CA 92105
Fairmont Village


HIGHLIGHTS

  • 30 Year Residential Financing Available
  • Detached 2 Bedroom House with yard + Fourplex
  • 5 Parking Space + potential for 5 additional Tandem Spaces
  • Notable Upside in Rents with further renovations
  • Low Density 5 units on a full size lot

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$465 USD /SF

# OF UNITS

4

PRICE/UNIT

$348,750

CAP RATE

5.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R4

APN/PARCEL ID

471-591-05

ASK ABOUT THIS PROPERTY

Maxwell BrownCommercial Asset AdvisorsMore Info
925-872-6746

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Maxwell BrownCommercial Asset AdvisorsMore Info
925-872-6746

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.