16 days on rocket

386771 Menlo Ave, San Diego, CA, 92105

$1,400,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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386771 Menlo Ave, San Diego$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
Year Built2000
MLS #PTP2407391
Lot Size0.13 Acres
StatusActive

About 386771 Menlo Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 2000
  • Stories: 2

Listing Office:

  • Office Name: Commercial Asset Advisors
  • Office Email: mbrown@caacre.com
  • Listing Agent: Maxwell Brown

Exterior Features

Exterior Information:

  • Private Pool: No

Virtual/3D Tour

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Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000
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Housing Market Comparison

See how this home compares to others in San Diego, CA.

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San Diego, CA

City

Med. Sold Price

$948.8K

Med. Price/SqFt

$701

Avg. Days On Market

27

# of Sold Homes

629

386771 Menlo Ave vs San Diego

16 DAYS ON ROCKET

-11 Days

$1,400,000

+$451.1K More

KEY TAKEAWAY

This property is $451.1K 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: #PTP2407391

Listing Office:

  • Office Name: Commercial Asset Advisors
  • Office Email: mbrown@caacre.com
  • Listing Agent: Maxwell Brown

IDX 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: 12/21/2024, 8:20:58 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.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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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.

Nearby Schools

school-card-donut-771864
6
/10

  • Euclid Elementary School

  • 4166 Euclid Ave

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-771865
3
/10

  • Franklin Elementary School

  • 4481 Copeland Ave

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-771866
5
/10

  • Ibarra Elementary School

  • 4877 Orange Ave

  • 0.53 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 386771 Menlo Ave

What is the listing price of this property?

The listing price of 386771 Menlo Ave property is $1,400,000.

What type of property is this?

The property 386771 Menlo Ave is a house located in San Diego, California, 92105.

Is this property for sale now?

Active Listing: 386771 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 386771 Menlo Ave is 2000.

Rocket Homes›California›San Diego County›San Diego›92105›386771 Menlo Ave

This home is located at 386771 Menlo Ave in San Diego, CA and zip code 92105 in the Talmadge neighborhood. This home, which was built in 2000, sits on a 0.13 acre lot. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $1,400,000.

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. In November 2024 in San Diego, CA there were 4.5% less homes for sale than in October 2024. Listings spent 27 days on the market in November 2024, and had a median list price of $948,850 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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