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$ 1,390,000
Est. payment /mo
Active
3867 71 Menlo AVE San Diego, CA 92105
5,863 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2503727
HOA Y/N No
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
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Curbs
View Y/N No
Private Pool No
Building
Lot Description 26-30 Units/Acre
Story 2
Sewer Public Sewer
Others
Senior Community No
Tax ID 4715910500
Acceptable Financing Conventional, Fannie Mae
Listing Terms Conventional, Fannie Mae
Special Listing Condition Standard
Listed by Maxwell Brown Commercial Asset Advisors mbrown@caacre.com