4461-4479 Menlo Avenue, Talmadge/San Diego Central, CA 92115

$11,250,000
4
BD
List Price
$11,250,000
Days on Market
17
Status
PENDING
MLS#
210009525
Bedrooms
4
City
Talmadge/San Diego Central
Property Type
Multifamily

Property Description

We are pleased to present the opportunity to acquire 4461-4479 Menlo Avenue, a thirty-six unit multi-family community constructed in 1965 and extensively renovated in 2020. This fully stabilized offering is located in the highly desirable Talmadge neighborhood of mid-city San Diego, California. This offering boasts an 89% two-bedroom unit mix and is comprised of (22) Two Bedroom / One Bath, (10) Two Bedroom / Two Bath floor plans and (4) Studios. The thirty-six units are situated within three separate apartment buildings. Each of the three buildings is positioned on a separate and contiguous parcel with respective utility metering. Acquiring the buildings together allows investors the distinct advantage of selling the buildings off separately to capitalize on a future partial sale strategy. Luxury apartment upgrades include stainless steel appliance packages with dishwashers and built-in microwaves, granite counter tops, kitchen cabinets and hardwood flooring. The spacious interiors are well appointed with modern fixtures, ceiling fans, bathroom vanities, and walk-in closets. The impeccably maintained community features modernized exterior upgrades and provides residents with gated tuck-under parking with additional off-street parking, pedestrian gate access, spacious courtyards, and a separate laundry facility within each of the three buildings.

Additional Information

Style
Com-Res Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap

board logo

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS®,