About 3362-66 Herman Ave
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.
Features of 3362-66 Herman Ave
| MLS® # | 260006790 |
|---|---|
| Price | $1,600,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 3 |
| Half Baths | 1 |
| Year Built | 1928 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Closed |
Community Information
| Address | 3362-66 Herman Ave |
|---|---|
| Area | NORTH PARK (92104) |
| Subdivision | North Park |
| City | NORTH PARK |
| County | San Diego |
| State | CA |
| Zip Code | 92104 |
Amenities
| Utilities | Sewer Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | N/K |
|---|---|
| Cooling | Wall/Window |
| Fireplace | Yes |
| Stories | 1 Story |
Exterior
| Lot Description | Alley Access,Curbs,Public Street,Sidewalks,Street Paved |
|---|---|
| Roof | Composition |
| Construction | Stucco |
Additional Information
| Date Listed | March 23rd, 2026 |
|---|---|
| Days on Market | 3 |
| Zoning | RS-1-7 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|