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 4.52% or a 4.76% 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 5.84%. 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
This property is $3.0M more than the Median Sold Price in San Diego, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PTP2405741
Listing Office:
Office Name: Commercial Asset Advisors
Office Email: mbrown@caacre.com
Listing Agent: Maxwell Brown
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 11:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Euclid Elementary School
4166 Euclid Ave
Distance between this listing and this school0.45 miles
Public District Grades KG-5
3
/10
Franklin Elementary School
4481 Copeland Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-5
5
/10
Ibarra Elementary School
4877 Orange Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-5
Nearby Schools
4
/10
Mann Middle School
4345 54th St
Distance between this listing and this school0.95 miles
Public District Grades 6-8
5
/10
Iftin Charter
5465 El Cajon Blvd
Distance between this listing and this school0.97 miles
Public Charter Grades KG-8
4
/10
Wilson Middle School
3838 Orange Ave
Distance between this listing and this school0.98 miles
Public District Grades 6-8
Nearby Schools
5
/10
Hoover High School
4474 El Cajon Blvd
Distance between this listing and this school0.25 miles
Public District Grades 9-12
2
/10
Diego Hills Central Public Charter
4348 54th St
Distance between this listing and this school0.87 miles
Public Charter Grades KG-12
5
/10
Health Sciences High and Middle College
3910 Univ Ave Ste 100
Distance between this listing and this school1.05 miles
The neighbors living near this home have an average income of $38,553. Typical income of San Diego, CA residents is less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 386577 Menlo Ave
What is the listing price of this property?
The listing price of 386577 Menlo Ave property is $3,975,000.
What type of property is this?
The property 386577 Menlo Ave is a house located in San Diego, California, 92105.
Is this property for sale now?
Active Listing: 386577 Menlo Ave is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 386577 Menlo Ave is 1964.
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This home is located at 386577 Menlo Ave in San Diego, CA and zip code 92105 in the Talmadge neighborhood. This home, which was built in 1964, sits on a 0.29 acre lot. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $3,975,000.
In November 2024 more than 212 listings in San Diego, CA were sold above the asking price. During the same period more than 109 listings were sold at asking price, while more than 308 were sold below. Between October 2024 and November 2024, San Diego, CA real estate market has seen decrease in the number of listings by 4.5%. In November 2024 median list price was $948,850 and the average listing age was 27 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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