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Berkshire Hathaway HomeServices California Properties

3458 Monroe Avenue, San Diego, CA 92116

$3,095,000 Approx. USD 4,976 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Conor M Brennan
Lic#: 01918598
Broker: Courtesy of Marcus & Millichap
Phone: 720-841-8139

Listing Details

Property type: Com-Res Income (Multi-Family)

Property Sub-Type:

Status: PENDING

Listing ID: 250000053

Price: $3,095,000

Rental Rate: $3,095,000

Lot Size:

4,976 sqft

0.16 acres

County: San Diego

Parking type: Carports,Garages,Spaces

Construction: Fully Landscaped,Metal Fence

Parking description: Carports,Garages,Spaces

Heating description: Wall

Last Updated: 7/10/2025

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Lat/Long: 32.759325, -117.119123.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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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.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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