4225 Menlo Ave
San Diego, CA 92115
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 5,345 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2014 |
| Building Class | C | Parking Ratio | 2.25/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | RM-1-1 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,345 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2014 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | RM-1-1 |
Amenities
Unit Amenities
- Granite Countertops
Site Amenities
- Laundry Facilities
About 4225 MENLO AVE , SAN DIEGO, CA 92115
The Correia Group is pleased to present 4225 Menlo Ave. apartments, a pride of ownership eight (8) unit property located steps from El Cajon Blvd. mixed use corridor and its many restaurants and shopping options. This investment opportunity consists of five (5) 1-bedroom units and three (3) 2-bedroom units. Five of the eight units have undergone full rehabs, the remaining units partial rehabs. The rehab included expense reduction capital improvements to reduce utility expenses. A RUBS program is currently in place, which offsets a bulk of the monthly utility expenses normally paid by the owner through reimbursements from the tenants who actually use the utilities. Exterior upgrades include improved security gates, a new laundry room, and a façade refresh. This property is a compelling investment option for the owner who is looking for healthy risk-adjusted return with the opportunity for material increases in rent well into the future in supply constrained San Diego.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,425 | 600 |
| 2+1 | 3 | $1,700 | 900 |
Property Taxes
| Parcel Number | 471-312-06 | Improvements Assessment | $847,574 |
| Land Assessment | $1,093,645 | Total Assessment | $1,941,219 |
Property Taxes
