4461-4479 Menlo Ave
San Diego, CA 92115
Menlo Apartments · Build-to-Rent Property For Sale · 36 Units

Marcus & Millichap, as the exclusive listing agent, is 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 2019. 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 ?oor 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. Investors are provided the option of purchasing the three buildings together or they can be purchased individually. 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 ?ooring. The spacious interiors are well appointed with modern ?xtures, 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. The property is strategically located in one of San Diego’s most desirable mid-city urban neighborhoods. Talmadge residents enjoy quiet winding streets, a small business district, and a strong sense of community with walkable access to local eateries, entertainment and storefront retail. San Diego State University, Mission Valley, and Downtown San Diego are a few minutes away and residents can reach the beach within 10 - 20 minutes. This means that Talmage residents essentially have all the advantages of living in the eighth largest city in the US, with major employment, entertainment, and recreation nearby but without needing to deal with the crowds or other challenges that sometime accompany more densely populated urban and coastal communities. 4461-4479 Menlo Avenue presents an extraordinarily rare opportunity for an investor to purchase a fully stabilized thirty-six unit asset in one of the most highly sought after submarkets in San Diego County. This property is ideal for any investor seeking a turnkey asset, that is free and clear of existing debt, and with multiple potential exit strategies.