4342 Marlborough Ave presents the opportunity to acquire a 9 unit fully renovated multifamily asset situated on the southern border of the highly coveted Kensington neighborhood. The asset consists of an ideal unit mix of (2) Studios, (3) One Bed units, (2) 2 Bed / 1 Bath units, & (2) 2 Bed / 2 Bath units providing for a properly diversified unit make up. Existing ownership has spent over $600k in capital improvements to renovate the property including but not limited to full interior & exterior renovations, landscaping, water lines pulled from slab and re-piped, new roof, installation of backflow, AC units, and the build out of two brand new studio units with in-unit laundry and AC in 2023. The property recently passed CA SB721 deck inspections as well. The property produces an in-place 4.30% cap rate with an additional 10% in rental upside remaining. The property is forecasted at a strong 5.06% cap rate at full market rents. Roughly $1,150,000 of assumable debt is available at a below market 3.90% interest rate on the property fixed until 10/1/2025 and transitioning to floating rate moving forward for a 30-year term maturity in 2053. The assumable debt allows an investor to acquire the property with strong Day 1 cash on cash returns during a less competitive market window while the interest rate market corrects itself over 2025. This will allow for a potential refi in 2025’s likely much more attractive interest rate environment with no pre-pay penalty to do so. The property provides tenants with quick accessibility to the majority of San Diego’s primary entertainment, employment, restaurants, highway access, and activity hotspots. The asset is walking distance to the Heart of Kensington and is less than a 10-minute drive to the Heart of North Park, Normal Heights, Balboa Park and many more activity hotspots. The majority of San Diego’s top water destinations, such as Ocean Beach, Mission Bay, San Diego Bay, and Shelter Island, are all conveniently located within a 15-minute drive.
This property is $2.3M 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: #PTP2405882
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: 12/21/2024, 11:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 20, 2015
Aug 20, 2015Home Sold
$1,265,000
Jan 07, 2014
Jan 07, 2014Home Sold
$905,000
May 05, 2006
May 05, 2006Home Sold
$980,000
Dec 28, 2004
Dec 28, 2004Home Sold
$925,000
Mar 04, 2003
Mar 04, 2003Home Sold
$680,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$16,932
$1,383,460
2020
$16,931
$1,369,276
2019
$15,549
$1,342,428
2018
$15,550
$1,316,106
2017
$15,181
$1,290,300
History based on county public records data.
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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
3
/10
Franklin Elementary School
4481 Copeland Ave
Distance between this listing and this school0.22 miles
Public District Grades KG-5
4
/10
Central Elementary School
4063 Polk Ave
Distance between this listing and this school0.35 miles
Public District Grades KG-5
5
/10
Normal Heights Elementary School
3750 Ward Rd
Distance between this listing and this school0.50 miles
Public District Grades KG-5
Nearby Schools
4
/10
Wilson Middle School
3838 Orange Ave
Distance between this listing and this school0.31 miles
Public District Grades 6-8
8
/10
San Diego Global Vision Academy
3430 School St
Distance between this listing and this school0.86 miles
Public Charter Grades KG-8
4
/10
Clark Middle School
4388 Thorn St
Distance between this listing and this school1.13 miles
Public District Grades 6-8
Nearby Schools
5
/10
Health Sciences High and Middle College
3910 Univ Ave Ste 100
Distance between this listing and this school0.47 miles
Public Charter Grades 9-12
5
/10
Hoover High School
4474 El Cajon Blvd
Distance between this listing and this school0.49 miles
Public District Grades 9-12
2
/10
Diego Hills Central Public Charter
4348 54th St
Distance between this listing and this school1.51 miles
The neighbors living near this home have an average income of $39,762. Residents of San Diego, CA typically earn between $35k-100k each year. The majority of families are 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 4342 Marlborough Ave
What is the listing price of this property?
The listing price of 4342 Marlborough Ave property is $3,295,000.
What type of property is this?
The property 4342 Marlborough Ave is a house located in San Diego, California, 92105.
Is this property for sale now?
Active Listing: 4342 Marlborough Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $16,932 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 20, 2015 for $1,265,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 4342 Marlborough Ave is 1980.
Interested in 4342 Marlborough Ave? Let's connect.
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This home is located at 4342 Marlborough Ave in San Diego, CA and zip code 92105 in the Kensington neighborhood. This home, which was built in 1980, sits on a 0.14 acre lot. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $3,295,000.
Over 212 listings were sold over their listed price in November 2024 in San Diego, CA. In the same period over 308 listings were sold below the listed price and 109 listings were sold for the listed price. Between October 2024 and November 2024, San Diego, CA real estate market has seen decrease in the number of listings by 4.5%. While the average time on the market in November 2024 was 27 days, the median list price was $948,850.
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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