3865-71.5 Menlo Ave possesses 4 units consisting of a detached 2 Bed / 1 Bath House, (3) 1 bed / 1 bath units, community laundry room, and 5 off-street parking spaces. 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.
For sale
Listing Provided by:
Maxwell Brown DRE #02127395 mbrown@caacre.com,
Commercial Asset Advisors
Price cut: $5K (6/11)
$1,390,000
3867-71 Menlo Ave, San Diego, CA 92105
5beds
4baths
3,000sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$1,368,200 Zestimate®
$463/sqft
$-- HOA
What's special
Community laundry roomOff-street parking spaces
- 82 days
- on Zillow |
- 325 |
- 23 |
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