3867 71 Menlo Avenue

San Diego, CA 92105

  • 3 Bed(s)
  • 3 Bath(s)
  • 3,000 Sqft
  • 5863
    Sqft(Lot)
$1,400,000

Description

3865-71.5 menlo ave possesses 5 total units consisting of a detached 2 bed / 1 bath house + a rear fourplex consisting of (1) studio, (3) 1 bedrooms / 1 bath, 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 still 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 $73,136 with an immediately available rent increase yielding an above market true 5.22% 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.

  • Property Type

    Residential Income

  • County

    San Diego

  • Style

    Residential Income

  • AD ID

    47134384

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Sewer : Public Sewer

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Has Fireplace: 0

  • Building Information

    • Year Built: 1965
    • Building Area Total: 3,000

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1346
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5863

  • Listing Price Information

    • Original List Price: 1,400,000
    • Listing Contract Date: 2024-10-07

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4715910500

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 92105 - East San Diego
    • Directions: GPS
    • Zoning: Multifamily
    • Source Property Type: Residential Income
    • Area: 92105 - East San Diego
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 59
    • Common Walls: 1 Common Wall
    • Structure Type: Quadruplex
    • Year Built Source: Estimated
    • Entry Level: 1
    • Entry Location: street
    • Property Attached: Yes
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BuyOwner last updated this listing 10/23/2024 @ 12:18

  • MLS: PTP2406190
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 3 bedrooms which is for sale, it has 3,000 sqft, 5,863 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of San Diego , in zip code 92105, this San Diego County Home are nearby neighborhoods.