Listed by Zakkout Real Estate Services
$1,450,000
3765 Herman Avenue
Details
APN 453-163-04-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,500
Net Rentable (SqFt) 2,098
Units 2
Cap Rate 0.2%
NOI $2,908
Occupancy 100%
Pro-Forma Cap Rate 6.33%
Pro-Forma NOI $110,726
Price per SqFt $580
Broker Co-Op Yes
Class B
Year Built 1917
Year Renovated 2022
Buildings 2
Stories 2
Acreage 0.140
Zoning RM 3-8
Parking Spaces 2 per unit
Investment Type Value Add
Occupancy Date 03/25/2026
Ownership Fee Simple
Prime North Park Duplex with RM 3-8 Zoning | CC Tier 3 | ADU possibility
Marketing description
Newly Re-listed! Property to be delivered with VACANT front home. This turnkey duplex in the heart of North Park offers a rare combination of historic Craftsman charm and extensive modern infrastructure. Situated on a generous 6,266 SF lot, this property features two distinct residences, making it an ideal opportunity for an owner-occupant seeking rental income or a savvy investor seeking ample development options. ADUs: Utilize 1100sf of functional space in rear of lot by adding ADU structure(s). Fully Develop: Subject Property is zoned RM-3-8 which offers one dwelling per 800 square feet without any density bonus. Complete communities designation allows for a maximum of 6.5 floor to area ratio. Mobility Zone 2 Designation deems the site as VMT Efficient. With the right set of plans, one could entitle the land for substantially more units.
Investment highlights
Front house to be delivered vacant! This turnkey duplex in the heart of North Park offers a rare combination of historic Craftsman charm and extensive modern infrastructure. Situated on a 6,266 SF lot, this property features two distinct residences, making it an ideal opportunity for an owner-occupant seeking rental income or a savvy investor looking for a high-performing asset in San Diego’s most sought-after urban neighborhood. The property has undergone numerous improvements including but not limited to: roof, interior upgrades, plumbing, electrical overhauls, waste line overhaul, foundation improvements, HVAC add-on.
Listing Contacts
Listed by Zakkout Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,908.00
$242.33/mo
Valuation Metrics
0
DSCR
0.2%
Cap Rate
0.2%
ROI
Map
Zoning
RM-3-8 ResidentialMulti FamilyResidential Multiple Unit
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View all 190 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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