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$1,390,000

Est. payment - /mo

5,863 Sqft Lot

Active

3867 71 Menlo AVE San Diego, CA 92105

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Patrick Fossati

patrick@fossatigrp.com +1(805) 910-0463

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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

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2503727

Listed by Maxwell Brown Commercial Asset Advisors mbrown@caacre.com

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Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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3867 71 Menlo AVE San Diego, CA 92105

Patrick Fossati

Key Details

Location

Interior

Exterior

Building

Others

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3867 71 Menlo AVE