San Diego, CA 92105,3560 62 Menlo
San Diego, CA 92105,3560 62 Menlo
San Diego, CA 92105,3560 62 Menlo
$825,000
Est. payment /mo
$900,000
8.3%
Est.Price: ?

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SOLD DATE : 01/17/2023

Key Details

Sold Price $825,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision City Heights

MLS Listing ID 220026345SD

Sold Date 01/17/23

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. Number of Furnished Units: 0

Location

State CA

County San Diego

Area 92105 - East San Diego

Building/Complex Name NA

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Fence Partial

View Y/N No

View None

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 4760521400

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Maxwell Brown • CBRE
Bought with Christina Labowicz • Apartment Consultants, Inc.

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Max Chuong Thai

+1(323) 309-3423

Agent | License ID: 02134406

Agent License ID: 02134406

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