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$1,600,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 4 Total Beds
  • Updated 8 days ago
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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.

Full Property Details for 3362-66 Herman Ave

General

  • Price: $1,600,000
  • Status: Pending
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 260006790
  • Updated: 3/26/2026
  • Added to Site: 12 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Security/Safety: N/K, Other/Remarks

Location

  • Area: NORTH PARK (92104)
  • County: San Diego
  • Subdivision: NORTH PARK
  • Neighborhood: North Park
  • Driving Directions: From 30th & Upas, head east on Upas, then turn south on Herman to 336266 Herman. Property offers alley access with four parking

Heating & Cooling

  • Cooling Type: Wall/Window Air Conditioning
  • Heating Fuel: Natural Gas

Utilities

  • Water: Meter on Property
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 4
  • Detached/Attached: Detached
  • Construction: Stucco
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 1,532
  • Year Built: 1928

Unit Information

  • Units in Building: 3

Lot Features

  • Irrigation System: Automatic
  • Zoning: RS-1-7
  • Fencing (Description): Full, Gate

Financial Considerations

  • Operating Expenses: $24,900
  • Terms: Cash, Conventional, Exchange
  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Disclosures and Reports

  • Property ID: 453-501-31-00

Listed by Compass (310) 230-5478, Lydell S Fleming

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Listing agent

— 3362-66 Herman Ave —

  • Lydell S Fleming

    Compass

ldyell.fleming@compass.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3362-66 Herman Ave

School District:San Diego City Unified School District
NameGradesDistance
McKinley Elementary School, San Diego, CA
3045 Felton Street, San Diego, CA 92104
K-50.4 mi
Roosevelt International Middle School
3366 Park Boulevard, San Diego, CA 92103
6-81.3 mi
San Diego High School
1405 Park Boulevard, San Diego, CA 92101
9-122.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3362-66 Herman Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Listed
$1,600,000
13.07%
MLS
6/14/2021
Sold
$1,415,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3362-66 Herman Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,423
7%
$1,501,609
2%
2024
$18,187
2%
$1,472,166
2%
2023
$17,785
3%
$1,443,300
2%
2022
$17,309
97%
$1,415,000
101%
2021
$8,787
1%
$705,496
1%
2020
$8,680
2%
$698,263
2%
2019
$8,526
7%
$684,573
2%
2018
$7,973
2%
$671,151
2%
2017
$7,783
2%
$657,992
2%
2016
$7,658
17%
$645,091
17%
2015
$6,541
9%
$550,000
10%
2014
$5,977
10%
$500,000
10%
2013
$5,439
—
$453,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Compass (310) 230-5478, Lydell S Fleming

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3362-66 Herman Ave, San Diego, CA 92104 (MLS# 260006790) is a Multi-Family property with 3 units containing 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 3362-66 Herman Ave is currently listed for $1,600,000 and was received on March 23, 2026. Want to learn more about 3362-66 Herman Ave? Do you have questions about finding other Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.

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