3865 Menlo Avenue
Description
- Listed by Maxwell Brown • DRE #02127395 • Brokerage DRE #02077455 • Commercial Asset Advisors
Property Details for 3865 Menlo Avenue
Property Details for 3865 Menlo Avenue
| Status | Active |
|---|---|
| MLS # | PTP2405741 |
| Days on Market | 59 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | 2-4 Units |
| Year Built | - |
| Lot Size | 0.29 AC / 12,623 SF |
| County | San Diego County |
Building Information for 3865 Menlo Avenue
Property Information for 3865 Menlo Avenue
- System ID: 306268971
- Class: 2-4 UNITS
- Street Number Numeric: 3865
- Street Name: Menlo Avenue
- Directions To Property: GPS
- Home Owner Fees: $0
- CFD/Mello-Roos Fee: $0
- CFD/Mello-Roos Fee Reflct: Year
- Virtual Tour Link 2: https://www.propertypanorama.com/instaview/crmls/PTP2405741
- Supplement: 3865-77 Menlo Ave presents the opportunity to acquire 2 Contiguous parcel Multifamily Assets in Central San Diego totaling 15 units across 3 structures on a 12,625 sqft combined lot. The assets are located in 6.5 FAR Tier 3 Complete Community Zoning, which allows for a future high-density development opportunity. 3865-71 Menlo Ave consists of 5 units: (1) detached 2 bed / 1 bath house and a quadplex of 1 bed / 1 bath units with an onsite laundry room in the rear. The parcel size is 6,375 Sqft. 3877 Menlo consists of 10 units: (8) 1 bed / 1 baths & (2) 2 bed / 1 baths. The parcel size is 6,250 sqft. Both assets are turnkey with additional upside at an in-place cap rate averaging 4.49% or a 4.72% cap rate if rent increases were provided to the immediately viable units. For an investor looking to further maximize returns, lightly renovated units could achieve a proforma cap rate of 5.80%. The asset includes 15 on-site parking spaces providing for a desirable 1 parking space per unit. An additional 5 tandem parking spaces could be achieved if the fence was pushed back on 3865-71 Menlo Ave
- Pool: N/K
- Total Stories: 2
- Entry Only: No
- Lot Size Source: City/County Records
- Site: Curbs
- Assessors Parcel Num: 4715910500
- Unit Num for Unit 1: 1
- Unit 1 Num of Bedrooms: 1
- Unit 1 Num of Total Baths: 1
- Unit 1 Rent Actual: $1,550
- Unit Num for Unit 2: 2
- Unit 2 Num of Bedrooms: 2
- Unit 2 Num of Total Baths: 1
- Unit 2 Rent Actual: $2,114
Property History for 3865 Menlo Avenue
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3865 Menlo Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Rosa Parks Elementary School PublicK to 5 | ||
Clark Middle School Public6 to 8 | ||
Hoover High School Public9 to 12 | ||
City Heights Preparatory Charter Charter6 to 12 |
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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Listing Courtesy of Commercial Asset Advisors, Maxwell Brown, DRE #02127395
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