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Candi DeMoura

[email protected] +1(858) 900-1333

$ 1,600,000

Est. payment -/mo

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Pending

3362-66 Herman Ave San Diego, CA 92104

4 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

Subdivision North Park

MLS Listing ID 260006790

Bedrooms 4

Full Baths 3

Half Baths 1

Year Built 1928

Property Sub-Type Res Income 2-4 Units

Property Description

Rare 3-Unit Turnkey Investment in the Heart of North Park! Discover an exceptional multi-family opportunity on coveted Herman Ave. These three individual units have been meticulously maintained and offer a perfect blend of immediate cash flow and future upside, featuring $135,000 in recent comprehensive upgrades. Positioned in one of San Diego's highest-demand rental markets, this property is ideal for 1031 exchange buyers, portfolio builders, or owner-occupants looking to live for free while collecting premium rents. INCOME & POTENTIAL: Unit 1: Rented at $2,450/mo. Unit 2: Rented at $3,200/mo. Unit 3: Currently available—perfect for an owner-occupant or an additional $2,825/mo in projected rent. Total Potential Gross Income: $101,700/year. Cap Rate: 3.2% current / 4.8% pro-forma. UPGRADES & CONDITION: With $135k invested in repairs and modern improvements, this asset is truly "plug-and-play" with zero deferred maintenance. Enjoy peace of mind with updated systems, stylish finishes, and strong tenant history. UNBEATABLE LOCATION: Boasting an incredible walk score, residents are steps away from 30+ craft breweries, award-winning dining, the North Park Theatre, and the weekly Farmers Market. Minutes from Balboa Park and Downtown with easy freeway access. With NorthPark values up 12.2% YOY, this is a blue-chip addition to any real estate portfolio.

Location

State CA

County San Diego

Area Metro Uptown

Zoning RS-1-7

Direction From 30th & Upas, head east on Upas, then turn south on Herman to 336266 Herman. Property offers alley access with four parking

Interior

Cooling Wall/Window

Fireplace No

Exterior

Fence Full, Gate

Utilities Available Sewer Connected

View Y/N No

Water Access Desc Meter on Property

Roof Type Composition

Building

Story 1

Water Meter on Property

Level or Stories 1

Others

Senior Community No

Tax ID 453-501-31-00

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Virtual Tour https://www.propertypanorama.com/instaview/snd/260006790

Listed by Lydell S Fleming, DRE#0193862 Compass

NEARBY SCHOOLS & PROPERTIES

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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San Diego, CA

Candi DeMoura

3362-66 Herman Ave San Diego, CA 92104

Key Details

Location

Interior

Exterior

Building

Others

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3362-66 Herman Ave