3716-18 Herman Ave, San Diego, CA 92104

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$2,695,000

Est. payment - /mo

6,265 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Other/Remarks

Listing Status Pending

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 2-story 2-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, 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

Virtual Tour https://www.propertypanorama.com/instaview/snd/250030858

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Listed by Tami J McCraw • Urban Dwellings

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3716-18 Herman Ave San Diego, CA 92104