3211 Menlo
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3211 Menlo

C

San Diego, CA 92105

$799,999
NEW — 0d

Beds

Baths

Sqft

1,185

Year Built

1940

Days on Market

0

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2603416

This property is in San Diego (92105). View neighborhood stats →

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About This Property

Rare opportunity to acquire a multi-unit property situated across a large lot in a unique canyon setting with rear alley access—offering significant upside potential for investors, builders, or developers. The property features two units with flexible occupancy, providing immediate opportunity for renovation, repositioning, or redevelopment. The existing improvements reflect deferred maintenance and are being sold as-is, making this an ideal project for those seeking to add value through renovation or explore expansion possibilities (buyer to verify). The lot configuration, privacy, and natural surroundings create a rare setting not commonly found in similar properties, while still being centrally located with convenient access to freeways, shopping, and employment centers. Strong upside in both rental income and long-term development potential. Do not disturb occupants.

Mortgage Calculator

Est. Monthly Payment

$5,079

Principal & Interest$4,045
Property Tax$800
Insurance$233
%($160,000)
%

Location

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Investment Score

33C
Est. Monthly Rent
$3,385
Monthly Cashflow

Rent − PITIA

$-1,693
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,138

Mortgage (P+I)
$4,045
Cap Rate
1.36%
Cash-on-Cash
-23.54%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$7,461

NOI (Annual)
$10,881
Price-to-Rent

Lower = better for investors

19.7

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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