3362-66 Herman Ave, San Diego, CA 92104 - Photo 1

1/1

$1,520,000

Sold
Closed
Multi-Family
4 Total Beds

1/1

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.

Full Property Details

Full Property Details for 3362-66 Herman Ave

General

Sold For: $1,520,000
Status: Closed
Type: Multi-Family
Source: SANDICOR
MLS ID: 260006790
Added to Site: 58 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
Sold by Pacific Sotheby's Int'l Realty (760) 468-1999, Brent S Foster

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Listing agent

— 3362-66 Herman Ave —

Lydell S Fleming

Compass

ldyell.fleming@compass.com

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NMLS#: 1598647

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Schools

Schools serving 3362-66 Herman Ave

School District:San Diego City Unified School District

Name	Grades	Distance
McKinley Elementary School, San Diego, CA 3045 Felton Street, San Diego, CA 92104	K-5	0.4 mi
Roosevelt International Middle School 3366 Park Boulevard, San Diego, CA 92103	6-8	1.3 mi
San Diego High School 1405 Park Boulevard, San Diego, CA 92101	9-12	2.1 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

Date

Details

Price

Change

Source

4/21/2026

Sold

$1,520,000

-5%

MLS

3/23/2026

Listed

$1,600,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Sarah Flynn Tudor (CalRE#: 00902244)

3362-66 Herman Ave, San Diego, CA 92104 (MLS# 260006790) is a Multi-Family property that was sold at $1,520,000 on April 21, 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.

3362-66 Herman Ave San Diego, CA 92104