San Diego, CA 92105,3560-62 Menlo
San Diego, CA 92105,3560-62 Menlo
San Diego, CA 92105,3560-62 Menlo
San Diego, CA 92105,3560-62 Menlo
San Diego, CA 92105,3560-62 Menlo
San Diego, CA 92105,3560-62 Menlo
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$825,000

$900,000

8.3%
Est.Price: ?

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Est. payment /mo

6 Beds

4 Baths

584 SqFt


SOLD DATE : 01/17/2023

Key Details

Sold Price $825,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 584 sqft

Price per Sqft $1,412

Subdivision City Heights

MLS Listing ID 220026345

Sold Date 01/17/23

Bedrooms 6

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1940

Property Description

During a time of previously would-be homebuyers transitioning back to the renter pool, 3560-62.5 Menlo Ave provides an investor or owner-occupier a unique opportunity to attract high-quality tenants searching for home-like product to rent in a central San Diego, family-oriented location nearby primary employment hubs, schools, and entertainment at a HUGE 8.25%+ post renovation cap rate with an additional $250,000+ in forecasted net equity growth from renovating this unique asset. Menlo Ave Homes provides tenants with detached homes, in-unit laundry hook-ups, potential private yard space, and off-street parking tucked away on a quiet court. The asset is located within a 10 minute drive to Balboa Park, SDSU, USD, Downtown San Diego, and Northpark. Menlo Homes possesses craftsman architecture and raised foundation in 2/3 of units for increased rent potential and reduced maintenance. All units possess pitched roofs. The asset will also serve a post-renovation buyer well as a way to offset mortgage expenses in a market time when single family home ownership is out of reach for most.

Location

State CA

County San Diego

Community City Heights

Area East San Diego (92105)

Building/Complex Name NA

Interior

Cooling Wall/Window

Exterior

Exterior Feature Stucco

Fence Partial

Roof Type Other/Remarks

Building

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by Maxwell Brown • CBRE
Bought with Christina M Labowicz • Apartment Consultants, Inc.
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