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.
Sold for $1,520,000
$1,520,000
3362-66 Herman Ave, San Diego, CA 92104
4beds
--sqft
Multi Family
Built in 1928
-- sqft lot
$1,522,500 Zestimate®
$--/sqft
$3,857 Estimated rent
Home value
$1,522,500
$1.40M - $1.64M
$3,857/mo
Zestimate® history
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Stylish finishesUpdated systems
Zillow last checked:
Listing updated:
Listed by:
Lydell S Fleming DRE #0193862 760-468-1999,
Compass
Bought with:
Brent S Foster, DRE #02007477
Pacific Sotheby's Int'l Realty
Source: SDMLS,MLS#: 260006790
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- N/K
Cooling
- Wall/Window
Interior area
- Total structure area: 1,532
Property
Features
- Levels: 1 Story
- Fencing: Full,Gate
Details
- Parcel number: 4535013100
- Zoning: RS-1-7
- Zoning description: RS-1-7
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 1928
Utilities & green energy
- Water: Meter on Property
- Utilities for property: Sewer Connected
Community & HOA
Community
- Security: N/K, Other/Remarks
- Subdivision: NORTH PARK
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $1,501,609
- Annual tax amount: $19,423
- Date on market: 3/23/2026
- Listing terms: Cash,Conventional,Exchange
- Tenant pays: Cable TV, Electricity, Gas/Propane
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Sold | $1,520,000-5% |
Source:  SDMLS #260006790 Report a problem | ||
| 3/26/2026 | Pending sale | $1,600,000 |
Source: SDMLS #260006790 Report a problem | ||
| 3/23/2026 | Listed for sale | $1,600,000+13.1% |
Source: SDMLS #260006790 Report a problem | ||
| 7/16/2021 | Sold | $1,415,000-0.7% |
Source: SDMLS #210014060 Report a problem | ||
| 6/12/2021 | Pending sale | $1,425,000+150% |
Source:  CRMLS #210014060 Report a problem | ||
| 6/1/2007 | Sold | $570,000+19% |
Source: Public Record Report a problem | ||
| 9/4/2003 | Sold | $479,000+242.1% |
Source: Public Record Report a problem | ||
| 11/17/1995 | Sold | $140,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,423 +6.8% | $1,501,609 +2% |
| 2024 | $18,187 +2.3% | $1,472,166 +2% |
| 2023 | $17,785 +2.7% | $1,443,300 +2% |
| 2022 | $17,309 +97% | $1,415,000 +100.6% |
| 2021 | $8,787 +1.2% | $705,496 +1% |
| 2020 | $8,680 +2.9% | $698,263 +2% |
| 2019 | $8,434 +5.8% | $684,573 +2% |
| 2018 | $7,973 +2.4% | $671,151 +2% |
| 2017 | $7,783 +1.6% | $657,992 +2% |
| 2016 | $7,658 +17.1% | $645,091 +17.3% |
| 2015 | $6,541 +9.4% | $550,000 +10% |
| 2014 | $5,977 | $500,000 +10.4% |
| 2013 | -- | $453,000 +17.7% |
| 2012 | -- | $385,000 |
| 2011 | -- | $385,000 |
| 2010 | -- | $385,000 -14.4% |
| 2009 | -- | $450,000 -22.6% |
| 2008 | -- | $581,400 +14.4% |
| 2007 | -- | $508,317 +2% |
| 2006 | -- | $498,351 +2% |
| 2005 | -- | $488,580 +2% |
| 2004 | -- | $479,000 +198.3% |
| 2003 | -- | $160,578 +2% |
| 2002 | -- | $157,431 +2% |
| 2001 | -- | $154,346 |
Find assessor info on the county website
Neighborhood: North Park
Nearby homes
- $1,522,500-- bd-- ba-- sqft3362 Herman Ave, San Diego, CA 92104Off Market
- $1,314,8002 bd1 ba-- sqft3366 Herman Ave, San Diego, CA 92104Off Market
- $1,137,2002 bd1 ba936 sqft3372 Herman Ave, San Diego, CA 92104Off Market
- $833,5001 bd1 ba500 sqft3364 Herman Ave, San Diego, CA 92104Off Market
- $1,762,2005 bd3 ba2.6k sqft3354-58 Herman Ave, San Diego, CA 92104Off Market
- $1,630,4003 bd2 ba1.5k sqft3354 Herman Ave, San Diego, CA 92104Off Market
- $1,733,4008 bd4 ba3k sqft3378-84 Herman Ave, San Diego, CA 92104Off Market
- $868,3002 bd1 ba720 sqft3350-52 Herman Ave, San Diego, CA 92104Off Market
Nearby schools
GreatSchools rating
- 10/10McKinley Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Roosevelt International Middle SchoolGrades: 6-8Distance: 1.4 mi
- 6/10San Diego High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$1,522,500
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Estimated market value
$1,522,500
- California
- San Diego County
- San Diego
- 92104
- North Park
- 3362-66 Herman Ave
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