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

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Talmadge/San Diego Central
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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.

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Listing courtesy of Marcus & Millichap

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