3877 Menlo Avenue, San Diego, CA 92105

San Diego
Local realty services provided by:ERA North Orange County Real Estate
3877 Menlo Avenue,San Diego, CA 92105
$2,300,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: maxwell brown
Office: commercial asset advisors
MLS#:PTP2602399
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,300,000

About this home

3877 Menlo Avenue presents an attractive opportunity to acquire a well located, value-add multifamily asset at a low price per unit in Central San Diegos high-demand, but still affordable workforce housing market. The property consists of 10 units totaling 5,788 rentable square feet on a 6,607 SF lot, featuring an efficient unit mix of (8) 1 Bed / 1 Bath and (2) 2 Bed / 1 Bath units, complemented by 10 off-street parking spaces. The 1 bedroom units are oversized and possess walk-in closets. The property produces $213-216k annual income yielding a 5.48% cap rate with strong upside to a projected 7.04% cap rate upon full renovation and lease-up to market rents. Built in 1964, the asset offers classic walk-up construction with a pitched roof and a secure, fully gated courtyard. Recent exterior improvements include a full paint completed in 2025. Three units have been renovated, providing a clear path for continued interior upgrades to capture significant rental upside. Additional income...

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Home facts

  • Listing ID #:PTP2602399
  • Added:51 day(s) ago
  • Updated:May 22, 2026 at 02:15 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2

Finances and disclosures

  • Price:$2,300,000
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