NOT LISTED FOR SALE

3137 Menlo Ave San Diego, CA 92105

Swan Canyon Neighborhood
8 Beds
5 Baths
3,104 Sq Ft
0.31 Acres

Last Sold June 09, 2017

Last sale price $815,000 $263 Per Sq Ft

12 Days on Market

Highlights

  • 0.31 Acre Lot
  • Valley View
  • Partially Fenced Property
  • Property Near a Canyon
  • Multiple Phone Lines
  • Wood Siding

About This Home

As of June 2017

Resting on a large 13,490 sqft canyon lot on a quiet street, this exceptional 4 unit rental property is a great investment or owner occupant opportunity! All 4 all units are 100% tenant occupied by long term tenants, who are currently paying under market rent. 2 of the 4 units were added in 1986. Prop offers 4 separate gas & electric meters (one for each unit), 1 water meter, a 2 car garage & 3 - 4 off street parking spaces. Property recently fumigated & roof maintenance recently completed. A MUST SEE! Resting on a large 13,490 sqft canyon lot on a quiet street, this exceptional 4 unit rental property is a great investment or owner occupant opportunity! All 4 all units are 100% tenant occupied by long term tenants, who are currently paying under market rent. 2 of the 4 units were added in 1986. Prop offers 4 separate gas & electric meters (one for each unit), 1 water meter, a 2 car garage & 3 - 4 off street parking spaces. Property recently fumigated & roof maintenance recently completed. A MUST SEE!

Last Listed By

Christopher Hutchinson

Van Effner License #01466032 Listed on: 04/22/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 0.31 Acre Lot
  • Property Near a Canyon
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Valley Views
  • Window Bars

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 476-231-06-00

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • City Heights Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $38,736

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Thorn
  • Neighborhood: City Heights
  • Supplement: Resting on a large 13,490 sqft canyon lot on a quiet street, this exceptional 4 unit rental property is a great investment or owner occupant opportunity! All 4 all units are 100% tenant occupied by long term tenants, who are currently paying under market rent. 2 of the 4 units were added in 1986. Prop offers 4 separate gas & electric meters (one for each unit), 1 water meter, a 2 car garage & 3 - 4 off street parking spaces. Property recently fumigated & roof maintenance recently completed. A MUST SEE!
  • LP / Sq Ft: 13.6
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Total Stories: 2
  • Year Built: 1931
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco, Wood
  • Fencing: Partial
  • Frontage: Canyon
  • Roof: Composition
  • View: Valley/Canyon

Utilities

  • Security: Security Bars
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Multiple Phones
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Complex Name: City Heights
  • Pets Allowed: Yes
  • Community: CITY HEIGHTS
  • Manager Name: Dakota Prop Mgmt
  • Manager Phone: 858-549-3000

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: .25 to .5 AC
  • Site: Public Street
  • Topography: Canyon/Valley
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 476-231-06-00
  • Estimated Lot Sq Ft: 13490
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.31
  • Map Code Column: J
  • Map Code Page: 1269
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 38736
  • Annual Expense Actual: 12264
  • Gross Rent Multiplier Actual: 16.25
  • Gross Rent Multiplier Projected: 11.33
  • Gross Sched Income Actual: 51000
  • Gross Sched Income Projected: 73200
  • Number Of Buildings: 3
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2017 06/09/17 Sold $815,000 -1.7% $263 / Sq Ft
05/04/2017 05/04/17 Pending -- -- --
04/22/2017 04/22/17 For Sale $829,000 -- $267 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller Co-Listing Agent in 2017

    Lori Taylor

    Mission Realty Group

    Lori Taylor
    Section Image
  • Mike Spilger

    Buyer's Agent in 2017

    Mike Spilger

    CBN Real Estate Executives

    (619) 647-9498

    2 Total Sales

    Mike Spilger
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 170020373

San Diego MLS

California San Diego County San Diego 92105 Swan Canyon

3137 Menlo Ave, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 3137 Menlo Ave, San Diego, CA 92105 since 22 April 2017. This property was built in 1931. 3137 Menlo Ave is a home located in San Diego County with nearby schools including Hamilton Elementary School, Clark Middle School, and Herbert Hoover High School.

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