50
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$2,695,000
Est. payment /mo
6,265 Sqft Lot
New
3716-18 Herman Ave San Diego, CA 92104
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Key Details
Property Type Commercial
Sub Type Other/Remarks
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250030858
Lot Size 6,265 Sqft
Acres 0.14
Property Sub-Type Other/Remarks
Property Description
3716-18 Herman Ave is a turn-key 5-unit multifamily asset located in the high-demand neighborhood of North Park. Currently generating $16,250 per month in gross rents this fully stabilized investment offers zero deferred maintenance and minimal monthly maintenance, appealing to the busy investor seeking a modern, well-performing asset for years to come. This trophy property consists of a detached 3BD/2BA single-family Craftsman home, a newly built 4-plex (2024) consisting of (2) 2BD/2BA units and (2) 1BR/1BA units (one is an ADU). All units are immaculate featuring modern finishes and conveniences. Tenants enjoy open-concept floor plans, in-unit laundry, stainless steel appliances, air conditioning (mini splits and central HVAC), LVP flooring, gated entry, and assigned parking. Landlords will enjoy tankless water heaters, individual SDGE meters, one water meter that is submetered, owned solar on 3716, and low-maintenance landscaping. The main home consists of 3 BR's and 2 BA's with a freshly painted interior and exterior. The prior owner did an extensive renovation in 2020 which included a new foundation system, new roof, and interior remodel. Features include box ceilings in the living & dining room, open-concept living, renovated bathrooms, a private side yard, in-unit laundry, HVAC, and a driveway for off-street parking. 3 one car garages & 2 parking spaces are an added value for tenants seeking off-street parking. With a Walk score of 96, Herman Ave is a location that consistently drives tenant demand.
Location
State CA
County San Diego
Area North Park (92104)
Zoning R-3:RESTRI
Interior
Heating Wall, Other/Remarks
Cooling Wall/Window, Other
Flooring Vinyl
Laundry Owned
Exterior
Exterior Feature Front Sprinklers, Part Fenced, Wood Fence
Parking Features Carports, Garages, Spaces
Roof Type Composition
Total Parking Spaces 6
Building
Story 2
Others
Acceptable Financing Cash, Cash to New Loan, Submit, Other/Remarks
Space Rent $195,000
Listing Terms Cash, Cash to New Loan, Submit, Other/Remarks
Listed by Tami J McCraw • Urban Dwellings