CA > San Diego
San Diego, CA 92105,3865 77 Menlo AVE
San Diego, CA 92105,3865 77 Menlo AVE
San Diego, CA 92105,3865 77 Menlo AVE
San Diego, CA 92105,3865 77 Menlo AVE
San Diego, CA 92105,3865 77 Menlo AVE
San Diego, CA 92105,3865 77 Menlo AVE
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Louis DiGonzini

Louis DiGonzini

+1(949) 922-8420
$ 3,974,999
Est. payment | /mo

0.29 Acres Lot

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$ 3,974,999
Est. payment | /mo
Save Video Tour

0.29 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2405741

HOA Y/N No

Year Built 1964

Lot Size 0.290 Acres

Property Description

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

Location

State CA

County San Diego

Area 92105 - East San Diego

Zoning Multifamily Complete Comm

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs

View Y/N No

Private Pool No

Building

Lot Description 36-40 Units/Acre

Story 2

Sewer Public Sewer

Others

Senior Community No

Tax ID 4715910500

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Maxwell Brown • Commercial Asset Advisors • mbrown@caacre.com
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 922-8420

ldigonzini@thedigonzinigroup.com

260 Bakerstreet East Suite #200, Costa Mesa, California, 92626, USA

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3865 77 Menlo AVE