3877 Menlo Avenue, San Diego, CA 92105
Property · 2 recorded sales since 2022
Sold June 2026
Listing Agent: Maxwell Brown (DRE #02127395) · Listing Office: Commercial Asset Advisors · Contact: mbrown@caacre.com · Bought with: Austin Huffman · Marcus & Millichap · MLS #PTP2602399 · Source: CRMLS
How this sale compares
3877 Menlo Avenue sold for $2,150,000 in June 2026, at its full list price, after 59 days on the market. It was first listed at $2,300,000. Across 119 closed sales in 92105 over the last 12 months, the median sold price is $730,000 and the median is $595 per square foot.
| Quarter | Closed sales in 92105 | Median sold price |
|---|---|---|
| Q1 2026 | 13 | $715,000 |
| Q2 2026 | 63 | $715,000 |
| Q3 2026 | 40 | $750,000 |
| Q4 2026 | 3 | $760,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in San Diego · Homes for sale in 92105
Description
3877 Menlo Avenue presents an attractive opportunity to acquire a well located, value-add multifamily asset at a low price per unit in Central San Diego’s high-demand, but still affordable workforce housing market. The property consists of 10 units totaling 5,788 rentable square feet on a 6,607 SF lot, featuring an efficient unit mix of (8) 1 Bed / 1 Bath and (2) 2 Bed / 1 Bath units, complemented by 10 off-street parking spaces. The 1 bedroom units are oversized and possess walk-in closets. The property produces $213-216k annual income yielding a 5.48% cap rate with strong upside to a projected 7.04% cap rate upon full renovation and lease-up to market rents. Built in 1964, the asset offers classic walk-up construction with a pitched roof and a secure, fully gated courtyard. Recent exterior improvements include a full paint completed in 2025. Three units have been renovated, providing a clear path for continued interior upgrades to capture significant rental upside. Additional income potential exists through the implementation of a utility billback program. The property benefits from excellent accessibility to major employment hubs including Downtown San Diego, North Park, Mission Valley, SDSU, USD, and Naval Base San Diego. Convenient access to I-15, I-805, I-8, and SR-94 further enhances tenant demand and long-term investment stability. The asset is situated walking distance to City Heights Park, City Heights Shopping Center, Rady’s Urgent Care, and a variety of neighborhood dining and retail options including Eagles Market, The Tower Bar, Key & Cleaver, and Cafeina Café.
Listing description from the June 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 3877 Menlo Avenue
3711 46Th Street: Sold $560,000 · 1 bd · 1 ba · 400 sqft · Aug 2026 · 0.2 mi
ShoppingSDHouses | DRE #02164811
Buyer's agent: David Olivera, ShoppingSDHouses | DRE #021648114035 Highland Ave: Sold $1,620,000 · Jul 2026 · 0.3 mi
Top Gun CRE | DRE #01872460
Buyer's agent: Mauro Gonzalez, eXp Realty of California, Inc. | DRE #018978694811 Castle Avenue: Sold $655,000 · Sep 2026 · 0.3 mi
4871 Wightman St: Sold $858,000 · 4 bd · 2 ba · 1,291 sqft · Aug 2026 · 0.3 mi
Compass | DRE #02150063
Buyer's agent: Joseph Anthony Bustamante, Compass | DRE #021500633677 Highland: Sold $1,085,000 · 4 bd · 3 ba · 2,654 sqft · Jun 2026 · 0.4 mi
Compass | DRE #01868552
Buyer's agent: Heather Daum, The Agency | DRE #018769924077 #79 Winona avenue: Sold $975,000 · Jun 2026 · 0.4 mi
SimpliHOM | DRE #01945805
Buyer's agent: John Selby, Compass | DRE #017726264041 Oakcrest Dr 408: Sold $349,000 · 2 bd · 2 ba · 900 sqft · Aug 2026 · 0.5 mi
Tenant Planet Inc. | DRE #01714904
Buyer's agent: Tamaira Smith, eXp Realty of Southern Calif. | DRE #023567413581 44th St: Sold $685,000 · 3 bd · 1 ba · 964 sqft · Jul 2026 · 0.5 mi
Douglas Elliman of California, Inc. | DRE #01933551
Buyer's agent: Adrian Quijano, ROA California Inc | DRE #02142679
Closed sales reported in 92105, nearest first, last 12 months. All recent sales in San Diego →