1990s Built 4-Plex For Sale

05-25-2023
05-25-2023

4077 Menlo Ave, San Diego, CA 92105

  • 1992 Construction
  • All 3 Bedrooms
  • Four Single Car Garages
  • ADU Potential
  • Significant Rental Upside
  • Convenient Central San Diego Location

Property Description

4077 Menlo is a two story 4,402 square foot single structure on a 6,251 square foot lot. The apartments were built 1992, which puts this in the top 15% of all new multi-family housing inventory in the county. There is a desirable unit mix of three 3 bedroom 2 bath single story rentals that are approximately 1068 sq ft each and one 3 bedroom 2.5 bath town home unit that is approximately 1200 sq ft. Complex is gated, has a common laundry room, as well as 4 single car garages. Possible ADU play by converting garages into more units.  Property is conveniently located near major shopping, public transportation, and freeway access.

***Shown with an accepted offer only. Please do not walk onto the premises nor disturb the residents.***

Key Property Information

Listing Status
Available
Multifamily Type
2-4 Units
Price
$ 1,895,000
No. of Units
4
Cap Rate
6.2%
GRM / GIM
12.1
Average Occupancy
100%
Year Built
1992
Building Size
4,402 Sq Ft
Lot Size
6,251 Sq Ft
No. of Stories
2
APN
471-491-04-00
No. of Parking Spots
4
Opportunity Zone
No
Buy Side Fee
2.22%
Price Per Unit
$ 473,750

Financial Details

Income/Expense Info
Pro Forma
Gross Income
$ 156,360
Effective Gross Income
$ 153,233
Operating Expenses
$ 35,009
Net Operating Income
$ 118,224
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32.750983, -117.094072

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