3865-71.5 Menlo Ave possesses 4 units consisting of a detached 2 Bed / 1 Bath House, (3) 1 bed / 1 bath units, community laundry room, and 5 off-street parking spaces. The property produces a strong $107,772 Gross Scheduled Income with a Net Operating income of $79,315 yielding… Read More an above market true 5.69% Cap Rate. A savvy investor may elect to renovate units to achieve even higher rents. The contiguous 10 unit property 3877 Menlo Ave is also available for sale with the same ownership. Read Less
Listing Snapshot
Days Online
152
Last Updated
Property Type
Other
Lot Size
0.13 Acres
Year Built
1960
MLS Number
PTP2503727
30 Days Snapshot Of 92105
$609k
-1%
(avg) sold price
15
+7%
homes sold
76
+18%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1960, Building area total: 3,000, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs
Expenses
Insurance expense: $4,500, New taxes expense: $17,368, Operating expense: $33,732, Water sewer expense: $2,606
Income
Gross income: $105,492, Net operating income: $71,760
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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