3458 Monroe Ave

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.
Bookended on the west by North Park and Kensington on the east, Normal Heights completes the Adams Avenue neighborhood trifecta along this uptown area, located north (and then slightly to the east) of downtown San Diego. Normal Heights was formally organized and platted in 1906 by the University Heights Syndicate under the direction of D.C. Collier. Normal Heights was named for the State Normal School in University Heights. A trolley line brought population and development to Normal Heights. The man responsible for the main business development of the Normal Heights portion of Adams Avenue was a carpenter named Bertram J. Carteri and the area has
seen high growth luring young business professionals and artists. Hip urban coffee shops, restaurants, boutique stores and microbreweries line area.