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$ 1,150,000
Est. payment | /mo
6,194 Sqft Lot
$ 1,150,000
Est. payment | /mo
6,194 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision City Heights
MLS Listing ID 250025606SD
HOA Y/N No
Year Built 1941
Lot Size 6,194 Sqft
Property Description
3517-19 Menlo Ave features 3 fully renovated units that are currently generating impressive revenue metrics through both short term and long term rentals. The unit mix of the property consists of (1) 2bd/2ba unit, (1) 1bd/1ba unit, and (1) studio. Over the past 12 months, the 3 units reported $118,853 in total gross earnings through the combination of short and long term rentals. This property has been ideal for visitors that are in search of a peaceful vacation rental in metro San Diego that is within close proximity of all major sights and scenes that San Diego has to offer. For this reason, finding success through long term rentals with this property is also available to an investor that decides to do so. Especially due to its proximity to downtown and other major employment hubs. The property will also be delivered with plans for (2) 700 square foot ADUs in the back. The plan is for 2 stories, each with 2 bedrooms/1 bathroom and a private deck for the second floor unit. The studio is unpermitted but there is an official lease attached to it.
Location
State CA
County San Diego
Area 92105 - East San Diego
Building/Complex Name City Heights
Interior
Cooling See Remarks
Fireplace No
Exterior
View Y/N No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4760611300
Listed by Jason Lee • JLM Real Estate Inc
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