3867 71 Menlo Avenue, San Diego, CA 92105 - Berkshire Hathaway HomeServices California Properties
3867 71 Menlo Avenue San Diego, CA 92105
$1,390,000 0 beds, 0 baths
0 sqft

Agent Remarks

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, a laundry room, and 5 off-street parking spaces. 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! The property produces a strong $107,772 Gross Scheduled Income with a Net Operating income of $79,315 yielding an above market true 5.69% Cap Rate. A savvy investor may elect to renovate units to achieve even higher rents. The contiguous 10 unit property 3877 Menlo Ave is also available for sale with the same ownership.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# PTP2503727
List price is $1,390,000 Reduced by $5,000 on 6/11/2025
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1960
0.13 acres
Lot size: 0.1346
County: San Diego
Zoning: RM
Parking description: Assigned
Lot description: TwentySixToThirtyUnitsAcre
MLS area: 92105 - East San Diego

Last Updated: 6/12/2025

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This listing belongs to the 92105 - East San Diego MLS area

Lat/Long: 32.748946, -117.093993.
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Listing Agent: Maxwell Brown
Lic#: 01234982
Office Name: Mission Viejo

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