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$3,095,000

Est. payment - /mo

6,772 Sqft Lot

Active

3458 Monroe Avenue San Diego, CA 92116

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Kurt Wannebo

Wannebo Real Estate Group Brokered by Exp Realty of California Inc.

kurt@wanneboreg.com +1(858) 405-5878

UPDATED:

01/03/2025 01:09 AM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250000053

Lot Size 6,772 Sqft

Acres 0.16

Property Description

We are pleased to present Monroe Place, an 8-unit, extremely well-maintained apartment building in the highly gentrifying Normal Heights neighborhood of San Diego, California. Units are composed of three 2-bedroom / 1-baths at 742 square feet and five 1-bedroom / 1-baths at 550 square feet on a single 6,772 square foot lot. Half of the units have received moderate to highest-end upgrades within the last 3 years (#1 & #4 have received highest tier improvements) while the remainder have been upgraded and very well maintained within the last 10 years and still have substantial upside in rents. The property has been fine-tuned under high-care, hands-on local ownership. There are 3 off-street parking spaces, four single car garages, and an on-site laundry room. The roof was replaced last year, plumbing has been fully removed and replaced with easy accessibility between the first and second floors and dual pane windows have been installed for energy efficiency. Units feature granite and quartz countertops, ceramic tile and laminate flooring, recessed lighting, newer appliances, 4 units feature new cabinetry and select units include new vanities and carpet in the bedrooms. Five units include either mini-splits or wall-mounted A/C. Exterior stucco includes fine stone finishes, painted wall art, stone walk-ways lush landscaping. Balconies could be added to units #s 4,5,6,7 while patios could be added to unit #s 1,2,3. Kitchens could all be open-plan and in-unit under-counter laundry could be inserted to all units.

Location

State CA

County San Diego

Area Normal Heights (92116)

Interior

Heating Wall

Cooling Wall/Window

Flooring Tile, Vinyl

Laundry Owned

Exterior

Exterior Feature Fully Landscaped, Metal Fence

Parking Features Carports, Garages, Spaces

Roof Type Tar & Gravel

Total Parking Spaces 8

Building

Story 2

Lot Size Range .25 Acres or less

Others

Space Rent $209,460

Listed by Conor M Brennan • Marcus & Millichap

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Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

3458 Monroe Avenue San Diego, CA 92116

Kurt Wannebo

Key Details

Location

Interior

Exterior

Building

Others

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3458 Monroe Avenue