Real Broker
Listed by Real Broker
$1,365,000
Cherokee Point
Details
APN 447-703-15-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,170
Units 2
Cap Rate 3.00%
Year Built 1940
Buildings 3
Acreage 0.120
Zoning R-2
Multifamily | 3.00% CAP | 2 Units
Marketing description
Location, location, location! Discover the serenity of this craftsman-style "two on one" property situated at the end of a quiet no-outlet street in the highly desirable North Park (92104) neighborhood. Offering maximum privacy, this detached pair consists of a 3BR/2BA front home and a 2BR/1BA rear home. The front residence (3420) features high-end upgrades including hardwood flooring, contemporary glass shower doors, and a modernized kitchen equipped with stainless steel appliances, cabinetry, and a gas stove. The rear unit (3422) has also been updated and features a history of stable, long-term occupancy. This immaculately groomed asset provides significant upside potential, including a long driveway leading to a single-car garage that is ideal for a potential ADU conversion. Both residences offer tenant amenities such as private patio areas and individual in-unit laundry. Whether you are looking for a value-add opportunity or a premier long-term hold, this property allows you to own in one of Southern California's highest-demand rental markets. Drive by today to experience this incredibly quiet and private North Park gem!
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