3765 Herman Avenue

Investment Overview

This turnkey duplex in the heart of North Park. House to be delivered VACANT. The improvements are 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 looking for a high-performing asset in San Diego’s most sought-after urban neighborhood. 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. There is an area over 1100 square feet of space in the rear allowing for the development of at least two large ADUs. The subject property offers access to the existing units from Herman Avenue as well as fully paved alley access.

Investment Highlights

• Deemed Walker's Paradise per walkscore
• Two New Electrical Main Panels
• New Roofs
• Waste line overhaul (ABS lines)
• Foundation overhaul (newer piers, and stem wall)
• In-unit laundry for each unit
• HVAC for each unit
• RM-3-8 Zoning
• Complete Communities Tier 3 (FAR 6.5)
• Mobility Zone 2 (Limits parking requirements)
• Iconic Location