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3716 18 Herman Ave, 
San Diego, CA 92104

$2,695,000


Bed


Bath


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Tami Mccraw

Urban Dwellings

619-543-9500

Last updated:

June 18, 2025, 04:23 PM

MLS#

250030865SD

Source:

CRMLS

About This Home

3716 18 Herman Ave

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 2-story 2-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, 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.

Home Facts

Multi-Family

Built in 2011

Price Summary

2,695,000

MLS #:

250030865SD

Last Updated:

June 18, 2025, 04:23 PM

Added:

2 day(s) ago


Structure

Structure

Year Built:

2011


Lot

Lot Size (Sq. Ft):

6,263


Finances & Disclosures

Finances

Price:

$2,695,000

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of June 19, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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