3373-3379 1/2 Herman Ave

San Diego, CA 92104

$2,425,000
Last Sold Price
8
Beds
—
Baths
3,912 Sq. Ft.
$620 / Sq. Ft.
3,912
Sq. Ft.
$620
per Sq. Ft.
Closed 4/5/24
Closed 4/5/24
a front view of a house with garden
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a front view of a house with a garden
Front duplex exterior
Front duplex entrance from sidewalk
Front duplex porch
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a large window
a living room with furniture and a large window
a room with furniture window and book shelf
a view of a dining room with furniture and a chandelier
a kitchen with stainless steel appliances granite countertop a stove a sink and white cabinets
a kitchen with stainless steel appliances granite countertop a refrigerator stove and sink
a kitchen with stainless steel appliances granite countertop a refrigerator a sink dishwasher a stove and a dining table with wooden floor
Front duplex, bottom unit, kitchen
a living room with furniture and a window
a spacious bathroom with a granite countertop sink a toilet and a bathtub
a bed room with a bed a potted plant and a window
a bed room with a bed and a window
a bathroom with a granite countertop sink a toilet and shower
a utility room with dryer and washer
a living room with furniture a lamp and large window
a living room with furniture and a flat screen tv
a living room with furniture and a large window
Front duplex, top unit kitchen
a kitchen with a refrigerator a stove a microwave and cabinets
Front duplex, top unit kitchen
Front duplex, top unit bedroom
a bathroom with a sink toilet and shower
a living room with furniture and a flat screen tv
a living room with furniture and a bookshelf
a living room with furniture and a window
Back building, top unit kitchen
Back building, top unit eat-in kitchen
a bedroom with a bed and a dresser
a bathroom with a sink a toilet and shower curtain
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
Back building, bottom unit, living room
a view of a workspace with furniture and a flat screen tv
Back building, bottom unit, eat-in kitchen
Back building, bottom unit, eat-in kitchen
Back building, bottom unit, eat-in kitchen
Back building, bottom unit, eat-in kitchen
a bedroom with a large bed and a chandelier
a bathroom with a sink a toilet and a window
a view of a pathway both side of the house
a view of a patio with couches and potted plants
Front duplex, community courtyard, all tenants are able to access
a view of a house with a patio
a outdoor space with furniture
a patio with a table and chairs
Driveway with alley access
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Aerial View
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an aerial view of multiple house
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a picture of a wall with a white wall

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.

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%

Location

Listing Courtesy of Compass, Noel Wheeler, DRE #01373389

Sold By Compass, John Selby, DRE #01772626

Add your commute

Building Information for 3373-3379 1/2 Herman Avenue

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

Payment Calculator

$11,983 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,983

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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
Apr 5, 2024

Sold

CRMLS #NDP2308986

$2,425,000—
Apr 5, 2024

Sold

CLAW #NDP2308986MR

$2,425,000—
Feb 16, 2024

Pending

CRMLS #NDP2308986

—
Feb 12, 2024

Pending

CLAW #NDP2308986MR

—
Jan 5, 2024

Price Change

CLAW #NDP2308986MR

$2,600,000—
Jan 4, 2024

Price Change

CRMLS #NDP2308986

$2,600,000—
Nov 21, 2023

Listed (Active)

CRMLS #NDP2308986

$2,900,000—
Nov 21, 2023

Listed (Active)

CLAW #NDP2308986MR

$2,900,000—
DateEvent & SourcePrice
04/05/2024

Sold

CRMLS #NDP2308986

$2,425,000
04/05/2024

Sold

CLAW #NDP2308986MR

$2,425,000
02/16/2024

Pending

CRMLS #NDP2308986

—
02/12/2024

Pending

CLAW #NDP2308986MR

—
01/05/2024

Price Change

CLAW #NDP2308986MR

$2,600,000
01/04/2024

Price Change

CRMLS #NDP2308986

$2,600,000
11/21/2023

Listed (Active)

CRMLS #NDP2308986

$2,900,000
11/21/2023

Listed (Active)

CLAW #NDP2308986MR

$2,900,000

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
McKinley Elementary School
Public - K to 5
Roosevelt International Middle School
Public - 6 to 8
Alba School
Public - 1 to 12
McGill School Of Success
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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Listing Courtesy of Compass, Noel Wheeler, DRE #01373389

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