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3470 Monroe Avenue, San Diego, CA 92116

Commercial property · 2 recorded sales since 2015

3470 Monroe Avenue, San Diego, CA 92116 Sold November 2025 CRMLS
$2,420,000Sold November 2025

Listing Agent: Austin Huffman (DRE #01981817) · Listing Office: Marcus & Millichap · Contact: 818-212-2250 · Bought with: Austin Huffman · Marcus & Millichap · MLS #250033252SD · Source: CRMLS

8
Units
5.33%
Cap Rate
Commercial property
Type

About this commercial property

We are pleased to present 3470 Monroe Ave, an 8-unit apartment complex located in the Normal Heights neighborhood of San Diego, CA. Built by Ray Huffman Construction in 1970, the subject property is comprised of a 2-story wood frame building with a concrete slab foundation. The unit mix consists of five (5) one-bedroom/ one-bath units, two (2) two-bedroom/one-bath units, and one (1) two-bedroom/two-bath unit. Remodeled unit interiors feature faux wood vinyl plank flooring, granite counter tops, stainless steel appliances, and kitchen and bathroom cabinets. The property has upgraded systems including a repaired foundation, upgraded plumbing, energy efficient lights, doors, and dual pane windows and sliders. Other attributes include onsite laundry and abundant parking for tenants with two (2) double-car garages. A landmark neon sign over Adams Avenue at Felton Street identifies the neighborhood of Normal Heights, which is a highly desirable neighborhood located between Interstates 805 and 15 bordered by Mission Valley to the North and El Cajon Boulevard to the South. Like other urban mesa neighborhoods north of Balboa Park, Normal Heights has a high rate of pedestrian activity. Several important neighborhood events take place in Normal Heights such as the Adams Avenue Street Fair, which is Southern California's largest free music festival, is typically held the last weekend in September.

Listing description from the November 2025 sale, as reported to CRMLS.

Sale history

$2,420,000
Sold November 2025 · listed $2,500,000, on market July 2025 · MLS #250033252SD · Source: CRMLS
Listing Agent: Austin Huffman · Listing Office: Marcus & Millichap · Contact: 818-212-2250 · Bought with: Austin Huffman · Marcus & Millichap
$1,600,000
Sold September 2015 · listed $1,800,000, on market February 2015 · MLS #150009162 · Source: CRMLS
Listing Agent: Michael Rickstad · Listing Office: Premier Realty Associates · Contact: 858-277-6173 · Bought with: Jaime Z Harris · Big Block Realty, Inc.
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