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$ 1,400,000
Est. payment | /mo
3 Beds
3,000 SqFt
$ 1,400,000
Est. payment | /mo
3 Beds
3,000 SqFt
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $466
MLS Listing ID CRPTP2407393
Bedrooms 3
HOA Y/N No
Year Built 1960
Lot Size 5,863 Sqft
Acres 0.13
Property Description
3865-71.5 Menlo Ave possesses 5 total units consisting of a detached 2 Bed / 1 Bath House + a rear Fourplex consisting of (4) 1 Bedrooms / 1 Bath units, 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 currently 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! Roughly half of the units possess light interior updates while the other half are in unrenovated condition. The property produces a strong $110,124 Gross Scheduled Income with a Net Operating income of $76,066 with an immediately available rent increase yielding an above market true 5.44% 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.
Location
State CA
County San Diego
Area Listing
Zoning Resi
Interior
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Other
Building
New Construction No
Others
Tax ID 4715910500
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Maxwell Brown • Commercial Asset Advisors
GET MORE INFORMATION
Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com