Map of Property

3865-3871 & 3877 Menlo Avenue

3877 Menlo Ave, San Diego, CA 92105

  • For Sale $3,975,000
  • 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

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Contacts

broker

Maxwell Brown Is this you?

Commercial Asset Advisors

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    55/100 Good Transit

  • Bike Score ®

    60/100 Bikeable
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  • City San Diego, CA
  • Neighborhood Fairmount Village
  • Zip Code 92105
  • Market San Diego

Points of Interest

  • SDSU Transit Center

    2.16 miles

  • Stadium

    2.66 miles

  • Fenton Parkway

    2.79 miles

  • Alvarado Station

    2.91 miles

  • Encanto/62nd Street

    3.24 miles

  • Mission Valley Center

    3.59 miles

  • Lemon Grove Depot

    3.70 miles

  • 25th/Commercial

    4.04 miles

  • 5th Avenue

    4.43 miles

  • Spring Street

    4.50 miles

  • Pearson Fuel

    0.87 miles

  • Chevron

    1.58 miles

  • Speedway

    1.71 miles

  • Arco

    1.71 miles

  • Tiger Mart & Gas

    1.72 miles

  • 76

    1.91 miles

  • SDSU Arco

    2.08 miles

  • Arco

    2.08 miles

  • Shell

    2.12 miles

  • Campus Gas Pump

    2.47 miles

  • USA Gasoline

    0.51 miles

  • YMCA Parking Lot

    0.67 miles

  • Parking Lot 6B

    1.94 miles

  • Plaza Deportes Lot

    1.95 miles

  • Parking Structure 2 (PS2)

    1.98 miles

  • Parking Lot 10A

    1.98 miles

  • Parking Lot 5

    2.00 miles

  • Parking Lot 9A

    2.03 miles

  • Parking Lot 8

    2.09 miles

  • Parking Lot 13

    2.09 miles

  • Travel Time Motel

    1.12 miles

  • Navajo Lodge

    1.36 miles

  • Newman Center

    2.10 miles

  • Zephyr

    2.17 miles

  • Howard Johnson by Wyndham San Diego State University Area

    2.27 miles

  • Rodeway Inn San Diego Near Sdsu

    2.32 miles

  • Lamplighter Inn & Suites at SDSU

    2.33 miles

  • Days Inn by Wyndham Mission Valley Qualcomm Stadium/ SDSU;Days Inn Mission Valley

    2.33 miles

  • Berkshire Motor Hotel

    2.56 miles

  • Motel 6

    2.70 miles

  • Red Sea

    0.07 miles

  • Ly Heng

    0.26 miles

  • Wingstop

    0.31 miles

  • Papa John's

    0.32 miles

  • Panda Express

    0.36 miles

  • Subway

    0.37 miles

  • Ali's Chicken & Waffles

    0.38 miles

  • McDonald's

    0.38 miles

  • Donut Star

    0.38 miles

  • Denny's

    0.38 miles

  • Euclid Charter School

    0.21 miles

  • Euclid Elementary School

    0.23 miles

  • Rosa Parks Elementary School

    0.27 miles

  • Ibarra Elementary School

    0.37 miles

  • Mid-City Campus, San Diego College of Continuing Education

    0.42 miles

  • Marshall Elementary School

    0.58 miles

  • Fay Elementary

    0.58 miles

  • Hoover Senior High School

    0.60 miles

  • Rosary High School

    0.63 miles

  • Clark Middle School

    0.63 miles

  • Our Lady of the Sacred Heart Catholic Church Day Care Center

    0.64 miles

  • Lemon Grove Childcare Center

    3.11 miles

  • Saint Judes Shrine Child Care and Development Center

    3.99 miles

  • Child Development Center NBSD

    4.58 miles

  • BunnyBears Preschool La Mesa

    4.82 miles

  • The Vine

    4.94 miles

  • Coronado Baptist Day Care Center

    5.73 miles

  • Chinese Bilingual Preschool

    5.79 miles

  • Murphy Canyon Preschool

    5.90 miles

  • World of Wonder Christian Preschool

    6.15 miles

Frequently Asked Questions

How much does 3865-3871 & 3877 Menlo Avenue cost?

The space currently listed for sale at 3865-3871 & 3877 Menlo Avenue asks for $3,975,000.

What is the total square footage of 3865-3871 & 3877 Menlo Avenue?

3865-3871 & 3877 Menlo Avenue totals 5,788 square feet.

When was this property built?

3865-3871 & 3877 Menlo Avenue was built in 1964.

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Contact Listing Broker

broker

Maxwell Brown Is this you?

Commercial Asset Advisors