Joe McLaughlin / Broker Associate

My Office Listings

2922-24 Menlo
Metro Uptown San Diego 92105

$1,250,000
2-4 Units 21,065 sq. ft. built: 2000

Main Photo: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 1: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 2: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 3: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 4: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 5: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 6: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 7: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 8: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 9: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 10: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 11: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Photo 12: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
220015999
Year Built:
2000
Investor Opportunity. Do not visit or walk on property. Rare opportunity to purchase a 21,065 SF lot with potential to build up to six detached homes, each with a garage and an ADU. Talk to an architect about how to add junior ADUs as well. Potential for 15 units. Option 2: Adjust lot lines and rehab current structures. All properties, 2922-24 Menlo, are being sold to the same Buyer. Located in a central location close to freeways and only 10 minutes to Downtown San Diego, Balboa Park, and bordering walkable, upbeat neighborhoods like North Park, South Park, and Golden Hill. There are three parcel #s: 476-401-21-00, 476-401-23-00,476-401-22-00.
Total Floor Area:
21,065 sq. ft.
Lot Size:
.5 to 1 AC
Number of Buildings:
2
Number of Units:
2
Year Built:
2000
Stories:
1 Story
Total Stories:
1
Market Area:
Metro Uptown
Community:
CITY HEIGHTS
County:
San Diego
Neighborhood Code:
Swan Canyon
Name of Complex/Subdivision:
Menlo Properties
Home Owner Fees:
0.0
Home Owner Fees Include:
N/K
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Other Fee Type:
N/K
Tenant pays:
Water, Electricity, Gas/Propane
Other income:
0
Annual expense actual:
1000
Cap Rate.:
2.0
Projected Cap Rate.:
4.0
Gross Rent Multiplier:
40.0
Gross scheduled income:
31164
Unit Number for Unit 1:
2924
Finished Area for Unit 1:
800 sq. ft.
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
2000.0
Total Rent for Unit 1:
1350.0
Projected Rent for Unit 1:
2350.0
Total Garage Spaces for Unit 1:
1
Garage for Unit 1:
N/K
Parking for Unit 1:
None Known
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
2922 1/2
Finished Area for Unit 2:
600 sq. ft.
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
1255.0
Total Rent for Unit 2:
1255.0
Projected Rent for Unit 2:
1950.0
Total Garage Spaces for Unit 2:
0
Garage for Unit 2:
N/K
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Number of bathrooms for Unit 3:
0
Garage for Unit 3:
N/K
Number of bathrooms for Unit 4:
0
Garage for Unit 4:
N/K
Olive
Miscellaneous:
N/K
Exposure Front:
N/K
Exterior Features:
Stone
Directions:
Olive to Menlo - But the properties face 46th Street.
Cooling:
None
Heating fuel:
Other/Remarks
Irrigation:
N/K
Additional Use:
N/K
Number of Units with Cooling:
0
Number of Units with Dishwashers:
2
Number of Units with Dryers:
2
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
1
Number of Units with Patios:
0
Number of Units with Range/Oven:
2
Number of Units with Refrigerators:
2
Number of Units with Washers:
2
Roof:
Composition
RV Parking:
Other/Remarks
Security:
N/K
Fencing:
Full
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash
Parcel Number:
476-401-23-00
  • Photo 1: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 1 of 12
  • Photo 2: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 2 of 12
  • Photo 3: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 3 of 12
  • Photo 4: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 4 of 12
  • Photo 5: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 5 of 12
  • Photo 6: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 6 of 12
  • Photo 7: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 7 of 12
  • Photo 8: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 8 of 12
  • Photo 9: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 9 of 12
  • Photo 10: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 10 of 12
  • Photo 11: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 11 of 12
  • Photo 12: CITY HEIGHTS Property for sale: 2922-24 Menlo in San Diego
    Photo 12 of 12
Data was last updated July 3, 2022 at 09:10 PM (UTC)
Area Statistics
Listings on market:
74
Avg list price:
$1,298,450
Min list price:
$675,000
Max list price:
$2,879,000
Avg days on market:
84
Min days on market:
2
Max days on market:
829
Avg price per sq.ft.:
$217.42
These statistics are generated based on the current listing's property type and located in Metro Uptown. Average values are derived using median calculations.
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 Multiple Listing Service, Inc. 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 © 2022 San Diego Multiple Listing Service, Inc.