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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
Listing ID: 16575194
Date on Market: 7/10/2019
Last Updated:
Address: 4225 Menlo Ave, San Diego, CA 92115
The Teralta East Multifamily Property at 4225 Menlo Ave, San Diego, CA 92115 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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