3362 Herman Ave, San Diego, CA 92104

San Diego
Local realty services provided by:ERA Carlile Realty Group
3362 Herman Ave,San Diego, CA 92104
$1,600,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: lydell fleming
Office: compass310-230-5478
MLS#:260006790SD
Source:CRMLS

Price summary

  • Price:$1,600,000

About this home

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...

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Home facts

  • Year built:1928
  • Listing ID #:260006790SD
  • Added:29 day(s) ago
  • Updated:April 22, 2026 at 07:38 AM

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1928
  • Levels:1 Story

Finances and disclosures

  • Price:$1,600,000

Features and amenities

  • Amenities:Gas Water Heater
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