3362 66 Herman Ave, North Park, CA 92104
- $1,520,000
- Sold Price
- $1,520,000
- List Price
- $1,600,000
- Closing Date
- Apr 21, 2026
- Status
- CLOSED
- MLS#
- 260006790SD
- Year Built
- 1928
- Days on Market
- 2
- Property Type
- Multifamily
- Stories
- One Level
- Neighborhood
- North Park
Property Description
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 values up 12.2% YOY, this is a blue-chip addition to any real estate portfolio.
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Additional Information
- Appliances
- Gas Water Heater
- Heat
- Natural Gas, None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Composition
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $101,700
Listing courtesy of Listing Agent: Lydell Fleming (ldyell.fleming@compass.com) from Listing Office: Compass.
Listing sold by Brent Foster from Pacific Sotheby's Int'l Realty
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.