3867 Menlo Avenue
Description
- Listed by Maxwell Brown • DRE #02127395 • Brokerage DRE #02077455 • Commercial Asset Advisors
Property Details for 3867 Menlo Avenue
Property Details for 3867 Menlo Avenue
| Status | Active |
|---|---|
| MLS # | PTP2406190 |
| Days on Market | 36 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | 2-4 Units |
| Year Built | - |
| Lot Size | 0.13 AC / 5,863 SF |
| County | San Diego County |
Building Information for 3867 Menlo Avenue
Property Information for 3867 Menlo Avenue
- System ID: 306282890
- Class: 2-4 UNITS
- Street Number Numeric: 3867
- 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/PTP2406190
- Supplement: 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.
- Pool: N/K
- Total Stories: 2
- Entry Only: No
- Lot Size: 4,000-7,499 SF
- Lot Size Source: Assessor Record
- Site: Curbs
- Zoning: Estimated
- Assessments: N/K
- Assessors Parcel Num: 4715910500
- Unit Num for Unit 1: 1
- Unit 1 Num of Bedrooms: 0
- Unit 1 Num of Total Baths: 1
- Unit 1 Rent Actual: $1,465
- Unit Num for Unit 2: 2
- Unit 2 Num of Bedrooms: 1
- Unit 2 Num of Total Baths: 1
- Unit 2 Rent Actual: $1,697
- Unit Num for Unit 3: 3
- Unit 3 Num of Bedrooms: 2
- Unit 3 Num of Total Baths: 1
- Unit 3 Rent Actual: $2,441
Property History for 3867 Menlo Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| 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 3867 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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