Property Details
About this Property
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 valu
MLS Listing Information
MLS #
SD260006790
MLS Source
San Diego MLS
Interior Features
Cooling
Window/Wall Unit
Heating
Gas - Natural, Other
Exterior Features
Roof
Composition
Parking, School, and Other Information
Zoning
RS-1-7
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | – | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 500 | 1 | 1/0 | – |
| 2 | 500 | 1 | 1/0 | – |
| 3 | 532 | 2 | 1/1 | $3,200 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3362-66 Herman Ave is a Triplex in San Diego, CA 92104. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,600,000 and was built in 1928. This address can also be written as 3362-66 Herman Ave, San Diego, CA 92104.
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This listing information is up-to-date as of March 27, 2026. For the most current information, please contact Lydell Fleming, (760) 468-1999
