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    4461-4479 Menlo Avenue

    San Diego, CA 92115
    • $11,250,000
    • STATUS: ACTIVE
    • ON SITE: 32 days
    • ID#: 210009525
    UPDATED: 36 min ago
    $11,250,000
    • 4
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire 4461-4479 Menlo Avenue, a thirty-six unit multi-family community constructed in 1965 and extensively renovated in 2020. This fully stabilized offering is located in the highly desirable Talmadge neighborhood of mid-city San Diego, California. This offering boasts an 89% two-bedroom unit mix and is comprised of (22) Two Bedroom / One Bath, (10) Two Bedroom / Two Bath floor plans and (4) Studios. The thirty-six units are situated within three separate apartment buildings. Each of the three buildings is positioned on a separate and contiguous parcel with respective utility metering. Acquiring the buildings together allows investors the distinct advantage of selling the buildings off separately to capitalize on a future partial sale strategy. Luxury apartment upgrades include stainless steel appliance packages with dishwashers and built-in microwaves, granite counter tops, kitchen cabinets and hardwood flooring. The spacious interiors are well appointed with modern fixtures, ceiling fans, bathroom vanities, and walk-in closets. The impeccably maintained community features modernized exterior upgrades and provides residents with gated tuck-under parking with additional off-street parking, pedestrian gate access, spacious courtyards, and a separate laundry facility within each of the three buildings.

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    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, non-commercial 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.carriefilla.com/homes/116067336
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    4461-4479 Menlo Avenue San Diego, CA 92115

    • Price: $11,250,000
    • Status: ACTIVE
    • Updated: 36 min ago
    • ID#: 210009525
    4
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    San Diego (92115)
    County:
    San Diego
    Area:
    San Diego (92115)
    Property Description
    We are pleased to present the opportunity to acquire 4461-4479 Menlo Avenue, a thirty-six unit multi-family community constructed in 1965 and extensively renovated in 2020. This fully stabilized offering is located in the highly desirable Talmadge neighborhood of mid-city San Diego, California. This offering boasts an 89% two-bedroom unit mix and is comprised of (22) Two Bedroom / One Bath, (10) Two Bedroom / Two Bath floor plans and (4) Studios. The thirty-six units are situated within three separate apartment buildings. Each of the three buildings is positioned on a separate and contiguous parcel with respective utility metering. Acquiring the buildings together allows investors the distinct advantage of selling the buildings off separately to capitalize on a future partial sale strategy. Luxury apartment upgrades include stainless steel appliance packages with dishwashers and built-in microwaves, granite counter tops, kitchen cabinets and hardwood flooring. The spacious interiors are well appointed with modern fixtures, ceiling fans, bathroom vanities, and walk-in closets. The impeccably maintained community features modernized exterior upgrades and provides residents with gated tuck-under parking with additional off-street parking, pedestrian gate access, spacious courtyards, and a separate laundry facility within each of the three buildings.
    Interior Features

    Sq Ft Of Improvement 29382

    Property Features

    Actual Gross Scheduled Income 811788.0 Actual Operating Expense 278972 Assumable Finance 0 Gross Equity 11250000 Gross Multiplier 14.37 Have 36 Units Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Short Sale No Unit Number1 4 Unit Number2 22 Unit Number3 10

    Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    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, non-commercial 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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Carrie Filla & Associates | Pacific Sotheby's International Realty
    5825 Avenida Encinas Ste 101
    Carlsbad CA, 92008