4342 Marlborough Avenue

San Diego, CA 92105

$3,000,000
Last Sold Price
3
Beds
7
Baths
6,158 Sq. Ft.
$487 / Sq. Ft.
6,158
Sq. Ft.
$487
per Sq. Ft.

Description

Priced to sell at $90k/unit less than renovated sale comparables! 4342 Marlborough Ave presents the opportunity to acquire a 9 unit fully renovated multifamily asset situated on the southern border of the highly coveted Kensington neighborhood. The asset consists of an ideal unit mix of (2) Studios, (3) One Bed units, (2) 2 Bed / 1 Bath units, & (2) 2 Bed / 2 Bath units providing for a properly diversified unit make up. The property provides tenants with quick accessibility to the majority of San...Priced to sell at $90k/unit less than renovated sale comparables! 4342 Marlborough Ave presents the opportunity to acquire a 9 unit fully renovated multifamily asset situated on the southern border of the highly coveted Kensington neighborhood. The asset consists of an ideal unit mix of (2) Studios, (3) One Bed units, (2) 2 Bed / 1 Bath units, & (2) 2 Bed / 2 Bath units providing for a properly diversified unit make up. The property provides tenants with quick accessibility to the majority of San Diego’s primary entertainment, employment, restaurants, highway access, and activity hotspots. The asset is walking distance to the Heart of Kensington and is less than a 10-minute drive to the Heart of North Park, Normal Heights, Balboa Park and many more activity hotspots. The majority of San Diego’s top water destinations, such as Ocean Beach, Mission Bay, San Diego Bay, and Shelter Island, are all conveniently located within a 15-minute drive.
  1. Listed by Maxwell Brown • DRE #02127395 • Brokerage DRE #02077455 • Commercial Asset Advisors • mbrown@caacre.com

Property Details for 4342 Marlborough Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
6158
Assessor Parcel Number
454-733-24-00
Property Attached YN
true
LISTING UPDATED: 02/17/2025 08:06 AM

Property Details for 4342 Marlborough Avenue

StatusClosed
MLS #PTP2500170
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.14 AC / 6,257 SF
CountySan Diego County

Building Information for 4342 Marlborough Avenue

Stories2Residences-Year Built1980Building Size-Lot Size0.14 AC / 6,257 SF

Property Information for 4342 Marlborough Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $220,088
  • Gross Scheduled Income: $220,088
  • Net Operating Income: $141,390
  • Cap Rate: 4.51
Expense Details
  • Operating Expense: $72,095
  • New Taxes Expense: $38,089
  • Insurance Expense: $4,305
  • Professional Management Expense: $9,607
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $72,095
Tax / Assessment Info
  • Tax Tract Number: 1382
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 1382
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, In Closet
Exterior Features
  • Entry Location: street
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 36-40 Units/Acre
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,875
  • Unit Type Total Rent: $1,875
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,148
  • Unit Type Total Rent: $2,148
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 4342 Marlborough 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 4342 Marlborough Avenue

Taxable ValueLand$580,291Additions$955,845Total$1,536,136
Tax Record2024$18,973 ($1,581 / month)
Home Facts
Total Finished SqFt6,158 SqFtAbove Grade Finished SqFt6,158 SqFtLot Size6,257 SqFtStyleMulti-Family Res (5+ Units)Year Built1980ZoningR-3:RESTRICTECountySAN DIEGOAPN454-733-24-00

Schools near 4342 Marlborough Avenue

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

Lewis Middle School
Public6 to 8

Wilson Middle School
Public6 to 8

Patrick Henry High School
Public9 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.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Commercial Asset Advisors, Maxwell Brown, DRE #02127395

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