NOT LISTED FOR SALE

3841 Menlo Ave Unit 43 San Diego, CA 92105

Fairmount Village Neighborhood
5 Beds
2 Baths
1,500 Sq Ft
6,251 Sq Ft Lot

Last Sold December 21, 2013

Last sale price $237,000 $158 Per Sq Ft

35 Days on Market

Highlights

  • Gated Community
  • Gated Home
  • 1-Story Property

About This Home

As of December 2013

The Menlo Avenue Duplex is a value-add opportunity to acquire a core location rental property with a great unit mix comprised of a 2Bed/1Bath cottage and a 3Bed/1Bath cottage; both units of which share a detached garage structure off the alley with 2 single car garages. Upside exists through occupying the 2Bed unit and stabilizing both rents to market levels. Current rents are significantly below comparables in the immediate neighborhood. The lot is 6251 sq. ft.

Last Agent to Sell the Property

Chris Robinson

Mango Tree Real Estate Corp. License #02227825 Listed on: 08/29/2013

Last Buyer's Agent

Chris Robinson

Mango Tree Real Estate Corp. License #02227825 Listed on: 08/29/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,251 Sq Ft Lot
  • Gated Home
  • Partially Fenced Property

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 471-591-10-00

Community Details

Overview

  • 3 Buildings
  • 2 Units

Additional Features

  • Net Operating Income $1,889
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: University Avenue
  • Neighborhood: City Heights
  • Stories: 1 Story
  • Sale Price List Price: 0.88
  • Total Stories: 1
  • Year Built: 1965
  • 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
  • Walk Score Desc: Somewhat Walkable
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate, Partial
  • Roof: Composition

Utilities

  • Security: Gated Community
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: CITY HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4
  • Assessor Parcel Number: 471-591-10-00
  • Land Use Code: Resi
  • Estimated Lot Dimensions: 50x125
  • Estimated Lot Sq Ft: 6251
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Map Code Column: B
  • Map Code Page: 5555
  • Map Code Row: 11

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 1889
  • Annual Expense Actual: 7801
  • Annual Expense Projected: 7801
  • Gross Rent Multiplier Actual: 26.47
  • Gross Rent Multiplier Projected: 10.98
  • Gross Sched Income Actual: 10200
  • Gross Sched Income Projected: 24600
  • Number Of Buildings: 3
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Tax Info

  • Assessor Parcel Number: 3841Menlo92105

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
12/21/2013 12/21/13 Sold $237,000 -12.2% $158 / Sq Ft
09/13/2013 09/13/13 Pending -- -- --
08/09/2013 08/09/13 For Sale $270,000 -- $180 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Robinson

    Seller's Agent in 2013

    Chris Robinson

    Mango Tree Real Estate Corp.

    (619) 255-3222

    12 Total Sales

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Map

Source: San Diego MLS

MLS Number: 130046342

San Diego MLS

APN: 471-591-10-00

California San Diego County San Diego 92105 Fairmount Village

3841 Menlo Ave Unit 43, San Diego, CA

This home is located at 3841 Menlo Ave Unit 43, San Diego, CA 92105 since 29 August 2013. This property was built in 1965. 3841 Menlo Ave Unit 43 is a home located in San Diego County with nearby schools including Rosa Parks Elementary School, Clark Middle School, and Herbert Hoover High School.

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