NOT LISTED FOR SALE

3560-62 Menlo Ave San Diego, CA 92105

Fairmount Village Neighborhood
6 Beds
4 Baths
2,633 Sq Ft
1940 Built

Last Sold January 17, 2023

Last sale price $825,000 $313 Per Sq Ft

59 Days on Market

About This Home

As of January 2023

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.

Last Agent to Sell the Property

Maxwell Brown

CBRE License #02127395 Listed on: 10/20/2022

Last Buyer's Agent

Christina Labowicz

ACI Apartments License #02055851

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Home Design

  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Partially Fenced Property
  • Cooling System Mounted To A Wall/Window

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 476-052-14-00

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • LP / Sq Ft: 11.16
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Community: CITY HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 476-052-14-00

Multi Family

  • No. of Units: 3
  • Annual Expense Projected: 21045
  • Gross Rent Multiplier Projected: 9.19
  • Gross Sched Income Projected: 97920
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/17/2023 01/17/23 Sold $825,000 -8.3% $313 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
12/12/2022 12/12/22 Price Changed $900,000 -5.3% $342 / Sq Ft
11/28/2022 11/28/22 For Sale $950,000 0.0% $361 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
11/17/2022 11/17/22 Price Changed $950,000 -2.6% $361 / Sq Ft
10/20/2022 10/20/22 For Sale $975,000 -- $370 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Maxwell Brown

    CBRE

    Section Image
  • Christina Labowicz

    Buyer's Agent in 2023

    Christina Labowicz

    ACI Apartments

    (858) 876-5701

    1 in this area

    28 Total Sales

    Christina Labowicz
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 220026345

San Diego MLS
California San Diego County San Diego 92105 Fairmount Village

3560-62 Menlo Ave, San Diego, CA

This home is located at 3560-62 Menlo Ave, San Diego, CA 92105 since 20 October 2022. This property was built in 1940. 3560-62 Menlo Ave is a home located in San Diego County with nearby schools including Rosa Parks Elementary School, Clark Middle School, and Herbert Hoover High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Diego MLS This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS.

Nearby Homes