3750 Herman Ave, North Park, CA 92104

$2,950,000
List Price
$2,950,000
Status
PENDING
MLS#
220028796SD
Lot Size
3,605
Acres
0.08
Days on Market
35
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Pleased to present this opportunity to acquire a single family home with a detached four unit apartment complex. The property was newly remodeled and features a two bedroom/two bathroom house with four additional one bedroom one bathroom units. New ownership has the opportunity to acquire an asset boasting incredible rents with room to increase post acquisition. All tenants are currently paying water and trash RUBS. The shared laundry in the four unit is owned and transfers with the sale. The Herman Ave apartments are adjacent to University Ave. The North Park neighborhood features restaurants such as Tabu Shabu, Swamis Cafe, soon to be Death by Tequila. This is an absolute must see asset with many improvements made to the interior and exterior of the property. The Herman Avenue Apartments have a central location that is adjacent to Balboa Park, The Observatory, and The North Park public library.

Additional Information

Attached Structure
Detached
Number Of Units Total
5
Gross Scheduled Income
$178,620

Listing courtesy of Listing Agent: Jonathan Minerick (Info@homecoin.com) from Listing Office: HomeCoin.com.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.