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3867 71 Menlo Avenue

San Diego, CA 92105

PRICE REDUCED

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-$1,000 (-0.07%)

$1,399,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1965

calendar_month Built

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 (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.

Listing Information

List Price $1,399,000
Status Active
MLS PTP2406190
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1965
Lot Size 5,863
Structure Size N/A
DOM 37
Courtesy Of Commercial Asset Advisors
Listing Agent Maxwell Brown DRE#02127395

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A

Exterior Information

Maps

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Listing information courtesy of: Maxwell Brown, Commercial Asset Advisors 925-872-6746. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 19th, 2024 at 1:07 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.