San Diego, CA 92105 3867 71 Menlo Avenue
$1,390,000
31 more
Presented By: Maxwell Brown with Commercial Asset Advisors; mbrown@caacre.com
Beds • 4
Baths • 4
SQFT • 3,000
Year Built • 1960
Home Details
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, a laundry room, and 5 off-street parking spaces. 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 $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.
Presented By: Maxwell Brown with Commercial Asset Advisors; mbrown@caacre.com
Interior Features for 3867 71 Menlo Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 3867 71 Menlo Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.14
Carport Y/NNo
CitySan Diego
Community FeaturesCurbs
CountySan Diego
DirectionsGPS
Electric On Property Y/NNo
Entry LocationStreet
Garage Spaces0.0
Garage Y/NNo
Gross Income105492.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional, FannieMae
Lot Size Square Feet5863.0
Lot Size UnitsSquareFeet
MLS Area92105 - East San Diego
MobileHomeRemainsYNNo
Net Operating Income71760.0
New ConstructionNo
Number Of Units Total5
Operating Expense33732.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot4715910500
Taxes$17,368
Trash Expense0.0
Virtual TourClick here
Water Sewer Expense2606.0
Year Built1960
Year Built SourceEstimated
ZoningRM
Exterior for 3867 71 Menlo Avenue
Building Area Total3000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwentySixToThirtyUnitsAcre
Lot Size Acres0.1346
Lot Size Area5863.0
Lot Size SourcePublicRecords
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking0.0
Waterfront Y/NNo
Additional Details
Price History
Justin Hughey
Price
$1,390,000
MLS#PTP2503727
List Date
05/21/2025
Property Type
Multi-Family
Phone
(562) 818-1655
