3716-18 Herman Ave is a turn-key 5-unit multifamily asset located in the high-demand neighborhood of North Park. Currently generating $16,250 per month in gross rents this fully stabilized investment offers zero deferred maintenance and minimal monthly maintenance, appealing to the busy investor seeking a modern, well-performing asset for years to come. This trophy property consists of a detached 3BD/2BA single-family Craftsman home, a newly built 4-plex (2024) consisting of (2) 2BD/2BA units and (2) 1BR/1BA units (one is an ADU). All units are immaculate featuring modern finishes and conveniences. Tenants enjoy open-concept floor plans, in-unit laundry, stainless steel appliances, air conditioning (mini splits and central HVAC), LVP flooring, gated entry, and assigned parking. Landlords will enjoy tankless water heaters, individual SDGE meters, one water meter that is submetered, owned solar on 3716, and low-maintenance landscaping. The main home consists of 3 BR's and 2 BA's with a freshly painted interior and exterior. The prior owner did an extensive renovation in 2020 which included a new foundation system, new roof, and interior remodel. Features include box ceilings in the living & dining room, open-concept living, renovated bathrooms, a private side yard, in-unit laundry, HVAC, and a driveway for off-street parking. 3 one car garages & 2 parking spaces are an added value for tenants seeking off-street parking. With a Walk score of 96, Herman Ave is a location that consistently drives tenant demand. With 4 out of the 5 units just less than a year old, and the Craftsman home having been extensively remodeled in 2020, 3716-18 Herman Ave is truly an attractive and unique investment. Located just two blocks from University Ave, residents can enjoy diverse culinary offerings like Encontro, The Smoking Goat, Alexander's, and Tribute Pizza (to name just a few), along with entertainment venues, local weekly farmer's market, street festivals, yoga studios, craft beer, coffee and so much more. Its proximity to Balboa Park and freeways coupled with the thriving culinary, arts, and cultural businesses of North Park make this an excellent investment for those seeking high rental demand and long-term growth in one of San Diego's most sought-after neighborhoods. Hurry, don't let this amazing opportunity slip away.
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DAYS ON MARKET
|
1
|
LAST UPDATED
|
6/17/2025
|
|
TRACT
|
North Park
|
YEAR BUILT
|
2011
|
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COMMUNITY
|
92104 - North Park
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COUNTY
|
San Diego
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|
STATUS
|
Active
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PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Wall/Window Unit(s), Zoned |
| AIR CONDITIONING |
Yes |
| AREA |
92104 - North Park |
| LOT |
6264 sq ft |
| STORIES |
Split/Multi Level |
| SUBDIVISION |
North Park |
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Listed with Urban Dwellings
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/18/25 2:49 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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