3373-3379 1/2 Herman Avenue

San Diego, CA 92104

$2,425,000
Last Sold Price
8
Beds
3,912 Sq. Ft.
$620 / Sq. Ft.
3,912
Sq. Ft.
$620
per Sq. Ft.

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...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.

Listing Agent

  1. Noel Wheeler

    Noel Wheeler

    Listing Agent

    Compass

    DRE #01373389

    noel.wheeler@compass.com

    P: (619)-890-2877

Property Details for 3373-3379 1/2 Herman Avenue

Architectural Style
Craftsman
Parking Spaces Total
4
Private Pool
No
Cooling Type
Ductless, Heat Pump(s)
Total Units
5.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3912
LISTING UPDATED: 04/05/2024 12:18 PM

Property Details for 3373-3379 1/2 Herman Avenue

StatusClosed
MLS #NDP2308986
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.14 AC / 6,250 SF
CountySan Diego County
Buyer's Agent Compensation2%

Building Information for 3373-3379 1/2 Herman Avenue

Stories2Residences-Year Built1912Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 3373-3379 1/2 Herman Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $138,000
  • Gross Scheduled Income: $138,000
  • Vacancy Allowance: 0
  • Gross Operating Income: $138,000
  • Net Operating Income: $95,088
  • Number Of Rented Garages: 2
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Gross Multiplier: 18.8
  • Cap Rate: 3.7
  • Current Financing: None
  • Financing: Owner Carried, Seller Financing
Expense Details
  • Operating Expense: $42,912
  • New Taxes Expense: $31,852
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,500
  • Maintenance Expense: $1,200
  • Professional Management Expense: $0
  • Other Expense: $1,800
  • Other Expense Description: Acctng
  • Trash Expense: $0
  • Water Sewer Expense: $4,800
  • Total Expenses: $44,352
Tax / Assessment Info
  • Tax Tract Number: 000940
  • Tax Lot: 5, 6
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, In Garage
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Partial, Wood
  • Fencing: Partial, Wood
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Garden, Rectangular Lot, Level
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Utilities: Electricity Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway, Garage - 1 Car
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage - Single Door
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 4
Unit 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Number With Patio: 1
  • Number Wall AC: 4

Property History for 3373-3379 1/2 Herman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3373-3379 1/2 Herman Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 1 to 12
Charter - K to 5
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Roosevelt International Middle School
Public6 to 8

Alba School
Public1 to 12

Mcgill School Of Success
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Noel Wheeler, DRE #01373389

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