San Diego, CA 92104,3373 Herman Avenue
San Diego, CA 92104,3373 Herman Avenue
San Diego, CA 92104,3373 Herman Avenue
San Diego, CA 92104,3373 Herman Avenue
San Diego, CA 92104,3373 Herman Avenue
San Diego, CA 92104,3373 Herman Avenue
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$2,425,000

$2,600,000

6.7%
Est.Price: ?

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Est. payment /mo

6,250 Sqft Lot


SOLD DATE : 04/05/2024

Key Details

Sold Price $2,425,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NDP2308986

Sold Date 04/05/24

HOA Y/N No

Lot Size 6,250 Sqft

Property Description

This impressive property, located in a Transit Priority Area in San Diego's desirable North Park neighborhood, features 5 updated units across 2 structures, 2 car garage on a 6,250 sqft lot with alley access. The Craftsman duplex offers a 2+ bed, 2 ba unit and a charming 1 bed, 1 bath with shared laundry. The 1950s 3-unit apartment building includes two 2 bed, 1 bath units and one 1 bed, 1 bath, along with a 2-car garage and community laundry. Improvements include: sewer, roofs, HVAC systems, water heater, foundation, electrical, and flooring. With current rents below market, there is potential for over $15k in gross rents once stabilized. Additional development and revenue opportunities with potential garage conversion, making it an excellent investment opportunity. North Park is centrally located to major freeways, Coronado, downtown San Diego, Balboa Park and beaches make it a highly sought-after area for both residents and investors.
This impressive property, located in a Transit Priority Area in San Diego's desirable North Park neighborhood, features 5 updated units across 2 structures, 2 car garage on a 6,250 sqft lot with alley access. The Craftsman duplex offers a 2+ bed, 2 ba unit and a charming 1 bed, 1 bath with shared laundry. The 1950s 3-unit apartment building includes two 2 bed, 1 bath units and one 1 bed, 1 bath, along with a 2-car garage and community laundry. Improvements include: sewer, roofs, HVAC systems, water heater, foundation, electrical, and flooring. With current rents below market, there is potential for over $15k in gross rents once stabilized. Additional development and revenue opportunities with potential garage conversion, making it an excellent investment opportunity. North Park is centrally located to major freeways, Coronado, downtown San Diego, Balboa Park and beaches make it a highly sought-after area for both residents and investors.

Location

State CA

County San Diego

Area North Park (92104)

Interior

Cooling Heat Pump(s)

Exterior

Fence Partial

Roof Type Composition

Building

Story 2

Lot Size Range 4000-7499 SF

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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San Diego Regional MLS (SDMLS)
Listed by Noel Wheeler • Compass
Bought with John Selby • Compass
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1420 Kettner Blvd, Diego, CA, 92101, United States

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