Address: 3791 Marlborough Avenue, San Diego, California, US
Created date: December 8, 2023
Date last updated: December 8, 2023
3791 Marlborough Avenue is a 5-unit apartment property situated on a corner lot and operated as a 4-unit property.
Two studios were combined into a 2 Bedroom / 1 Bath unit on top of 4 single car garages. There are two single story 1 Bedroom / 1 Bath units with yards in the middle of the property and a 1 Bedroom house with an attached garage on the corner of the property. The 2,432 square foot property was built in 1948 and is situated on a 6,536 square foot lot. The investment provides upside in the existing rents as well as the ability to reconfigure units and build out garages into ADUs.
The property is located on a quiet residential street in the Teralta West neighborhood of City Heights facing Teralta Park. In the heart of San Diego’s Mid-City plateau, Teralta West is a buzzing and colorful community that shares a unique green space with its Corridor neighbor. You’ll notice a myriad of murals adorning commercial buildings and community resources. This property is located a few hundred feet from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby. There is easy access to the 15 freeway.
Near the turn of the century, Teralta West was developed to offer suburban homes along an electric trolley line to downtown. In recent decades, it’s been increasing in density, adding apartments and condominiums to its housing options — and is now considered Mid-City’s most populous neighborhood. Residents appreciate the walkability of its long, straight streets, lined with tall palms and mature trees. Its west side borders I-15 for quick access to commuter throughways.