CA > San Diego
San Diego, CA 92105,3867 71 Menlo AVE
San Diego, CA 92105,3867 71 Menlo AVE
San Diego, CA 92105,3867 71 Menlo AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,399,000
Est. payment /mo
5,863 Sqft Lot
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UPDATED:

11/21/2024 05:23 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2406190

HOA Y/N No

Year Built 1965

Lot Size 5,863 Sqft

Property Description

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, 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 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 $110,124 Gross Scheduled Income with a Net Operating income of $76,066 with an immediately available rent increase yielding an above market true 5.44% 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.

Location

State CA

County San Diego

Area 92105 - East San Diego

Zoning Multifamily

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs

View Y/N No

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 2

Sewer Public Sewer

Others

Senior Community No

Tax ID 4715910500

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Maxwell Brown • Commercial Asset Advisors • mbrown@caacre.com

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