3418 Monroe Avenue

San Diego, CA 92116

$1,299,000
Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Location! HI demand Normal Heights! CASH FLOW 120k annual income as Short & Midterm Rentals. Zoned R-3 Multiple & Remdld in 2019. Quintessential Spanish 3/2 Cottage hs w/separate Permitted ADU in coveted Normal Heights, 2 city blocks to lively Adams Ave! This METICULOUSLY maintained 3 bedrm 2 bath house is currently a high income producing STR & MTR! Features incl entertainment decks at both the front and rear of house and LARGE Private yards including gas firepit, Tuff Shed Storage and MORE parking!...Location! HI demand Normal Heights! CASH FLOW 120k annual income as Short & Midterm Rentals. Zoned R-3 Multiple & Remdld in 2019. Quintessential Spanish 3/2 Cottage hs w/separate Permitted ADU in coveted Normal Heights, 2 city blocks to lively Adams Ave! This METICULOUSLY maintained 3 bedrm 2 bath house is currently a high income producing STR & MTR! Features incl entertainment decks at both the front and rear of house and LARGE Private yards including gas firepit, Tuff Shed Storage and MORE parking! Showcases modern designed kitchen w/an open floorplan! Upgrades include wood laminate floors, white shaker cabinets, quartz countertops, stainless steel appliances, Spanish inspired tilework and recessed lighting throughout while keeping some of the old world charm of yesteryear architectural design. Lot has hi potential for additional builds! Renovation items includes new sewer line, new electrical panel, new plumbing, sealed roof, new water heater, new windows and reinforced foundation etc. Water tolerant landscape throughout including Turf in both private yards! The SEPARATE PERMITTED ADU Studio is currently used as a high income producing 'Mid-Term' rental (minimum 30 days) and features modern conveniences including great use of space, shaker cabinets, quartz counters, stainless steel appliances, recessed lighting and split unit AC. . Each home has Private yards, Parking and Entrances which make it PERFECT for current use or multi-generational living and/or Live in One w Supplemental income! This property has off street parking for minimum of 5 vehicles and/or RV!
  1. Listed by Francesca Levy • DRE #01078108 • Brokerage DRE #00932282 • Keller Williams La Jolla

Property Details for 3418 Monroe Avenue

Zoning
R-3:RESTRI
Cross Streets
34th St
Source Living Area
Owner
Area
Normal Heights (NLHS)
Lot Size Area
4483
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
LISTING UPDATED: 10/22/2024 10:38 AM

Property Details for 3418 Monroe Avenue

StatusActive
MLS #240023397SD
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.10 AC / 4,483 SF
CountySan Diego County

Building Information for 3418 Monroe Avenue

Stories1Residences-Year Built1928Building Size-Lot Size0.10 AC / 4,483 SF

Property Information for 3418 Monroe Avenue

Community / Development
Community / Development
  • Complex Name: n/a
  • Number Of Units: 2
  • Amenities: Laundry Facilities
  • Builders Tract Name: Normal Heights
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: Yes
  • View Description: Evening Lights
  • Security Features: Owned
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $.00
  • Gross Scheduled Income: $120,000
  • Cap Rate: .00%
  • Gross Rent Multiplier: $.00
  • Other Income1: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.1
  • Lot Description: Curbs, Sidewalks, Street Paved
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: RV Possible
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other, Wall/Window
  • Heating Type: Electric, Fireplace, Other, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Roof: Composition
  • Fence: Full
  • Sprinklers: Manual
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: None
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $7,426.00
  • Unit Actual Rent: $7,426.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Like Units: 1

Property History for 3418 Monroe Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3418 Monroe Avenue

Taxable ValueLand$412,226Additions$139,125Total$551,351
Tax Record2022$6,739 ($562 / month)
Home Facts
Beds3Total Finished SqFt896 SqFtAbove Grade Finished SqFt896 SqFtLot Size4,483 SqFtStyleSingle Family ResidenceYear Built1928ZoningR-3:RESTRICTECountySAN DIEGOAPN447-010-16-00

Schools near 3418 Monroe Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Adams Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

San Diego Global Vision Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3418 Monroe Avenue is a multi-family home for sale in San Diego, CA 92116. This property was listed for sale on October 1, 2024 by Keller Williams La Jolla, it's currently listed at $1,299,000. It has been on the market for a total of 21 days and was last sold on August 21, 2019. This listing's school district is San Diego Unified School District. Nearby schools include Adams Elementary School, Wilson Middle School and Hoover High School. 3418 Monroe Avenue is a 4-bed, 3-bath, multi-family home built in 1928.

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Listing Courtesy of Keller Williams La Jolla, Francesca Levy, DRE #01078108

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