3448 50 Cherokee, San Diego, CA 92104
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
Listed by: brian jackel
Office: michael stowers619-520-9138
MLS#:260021656SD
Source:CRMLS
Price summary
- Price:$1,585,000
About this home
Live in one large 3bed house and rent out the other houses for income and to off set your monthly expenses or have a Great investment opportunity to own a recently renovated Triplex in Cherokee Point with a4th 2 bed 2bath house in plans. Close proximity to downtown and Balboa Park. The Cherokee Point neighborhood is also landlocked between the 805 and 15 freeways, providing a quieter living experience compared to other parts of North Park, while still giving you easy access to all North Park has to offer including shopping, restaurants and activities. Which makes this a highly desirable location for a high performance investment. The property consists of 2 fully leased dwellings and one available for move in or rental, there are Two 3 bedroom Houses and One 1 Bedroom. There are plans in the city for permits on an additional 2bed 2bath house. All houses have been upgraded with Newer Kitchens and Baths, LED lighting throughout, Ceiling Fans in every room, A/C and Heating, Washer and Dryer also included. This Houses are all individually Fully fenced yard and has Parking for multiple vehicles. Tenants pay all utilities. Currently priced with a 5.2 CAP. Proforma with adding the 4th dwelling will bring you over a 7plus CAP. Great turnkey investment with leases plus value-add opportunities. Great investment opportunity to own a recently renovated Triplex in Cherokee Point with 4th 2 bed 2bath house in plans. Close proximity to downtown and Balboa Park. The Cherokee Point neighborhood is also landlocked between the 805 and 15 freeways, providing a quieter living experience compared to other parts of North Park, while still giving you easy access to all North Park has to offer including shopping, restaurants and activities. Which makes this a highly desirable location for a high performance investment. The property consists of 3 fully leased dwellings, Two 3 bedroom Houses and One 1 Bedroom. There are plans in the city for permits on an additional 2bed 2bath house. All houses have been upgraded with Newer Kitchens and Baths, LED lighting throughout, Ceiling Fans in every room, A/C and Heating, Washer and Dryer also included. This Houses are all individually Fully fenced yard and has Parking for multiple vehicles. Tenants pay all utilities. Currently priced with a 5.2 CAP. Proforma with adding the 4th dwelling will bring you over a 7plus CAP. Great turnkey investment with leases plus value-add opportunities....
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Home facts
- Year built:1937
- Subdivision & Development:North Park
- Listing ID #:260021656SD
- Added:54 day(s) ago
- Updated:October 28, 2026 at 12:02 PM
Heating and cooling
- Cooling:Zoned
- Heating:Forced Air, Zoned
Structure and exterior
- Roof:Composition
- Year built:1937
- Lot area:0.16 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,585,000
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