Contacts
Commercial Asset Advisors
Property Details
- Property Type Multi-Family
- Property Size 5,788 SF
- Units 15
- Lot Size 0.15 Acre
- Additional Rent Contact for pricing
- Year Built 1964
- Date Updated Sep 26, 2024
Commercial Asset Advisors is pleased to present 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
Reach out to the broker for more info on lease terms and amenities
Getting around
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94/100
Walk Score ®
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55/100
Transit Score ®
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60/100
Bike Score ®
Location
- City San Diego, CA
- Neighborhood Fairmount Village
- Zip Code 92105
- Market San Diego
Points of Interest
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SDSU Transit Center
2.16 miles
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Grantville
2.18 miles
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Mission San Diego
2.41 miles
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Uber / Lyft Driver Drop Off
2.43 miles
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Stadium
2.66 miles
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Euclid Avenue
2.77 miles
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47th Street
2.82 miles
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Rio Vista
3.27 miles
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70th Street
3.42 miles
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32nd/Commercial
3.51 miles
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Pearson Fuel
0.87 miles
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Chevron
1.58 miles
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Speedway
1.71 miles
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Arco
1.71 miles
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Tiger Mart & Gas
1.72 miles
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Electrify America Fast Charger
1.91 miles
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76
1.91 miles
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Shell
2.12 miles
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Mobil Travel Center
2.20 miles
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Electrify America Charging Station
2.25 miles
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USA Gasoline
0.51 miles
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YMCA Parking Lot
0.67 miles
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Parking Lot 6B
1.94 miles
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Plaza Deportes Lot
1.95 miles
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Parking Structure 2 (PS2)
1.98 miles
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Parking Lot 10A
1.98 miles
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Parking Lot 5
2.00 miles
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El Zarape
2.03 miles
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Parking Lot 9A
2.03 miles
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Parking Lot 13
2.09 miles
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Travel Time Motel
1.12 miles
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Navajo Lodge
1.35 miles
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Newman Center
2.10 miles
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Zephyr
2.17 miles
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Howard Johnson by Wyndham San Diego State University Area
2.27 miles
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Rodeway Inn San Diego Near Sdsu
2.32 miles
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Lamplighter Inn & Suites at SDSU
2.33 miles
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Days Inn by Wyndham Mission Valley Qualcomm Stadium/ SDSU;Days Inn Mission Valley
2.33 miles
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Berkshire Motor Hotel
2.56 miles
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Motel 6
2.70 miles
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El Super Grocery Market
0.31 miles
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Sin Lee Food Whole Sale Co.
0.42 miles
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Minute Mart
0.71 miles
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World Foods Market
0.82 miles
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Grocery Outlet
0.97 miles
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Burlington
0.99 miles
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Stehly Farms Market
1.21 miles
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Market Place #204
1.36 miles
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North Park Produce
1.37 miles
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Food 4 Less
1.52 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Commercial Asset Advisors
