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    3420-22 Cherokee

    San Diego, CA 92104
    • $1,195,000
    • STATUS: ACTIVE
    • ON SITE: 33 days
    • ID#: 210009412
    UPDATED: 62 min ago
    $1,195,000
    • 5
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,170
      SQFT
    • $551
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    Description

    Location location location! Drive this property and see just how quiet the area is. 3420-3422 Cherokee Ave is a craftsman-style "two on one" property located in the highly desirable North Park (92104) neighborhood of San Diego. Sitting near the end of the street with no outlet, these homes offer maximum privacy for their occupants. The detached homes feature a 2 bed/1 bath ($2,795/ month) and a 3 bed/2 bath ($2,960/ month). Unit 3422 has had a phenomenal long term tenant and was upgraded prior to move in approximately 3 & 1/2 years ago. Unit 3420 in the front of the property has a long driveway which leads to a single car garage, providing plenty of room for parking. The garage also can potentially be converted to an ADU, giving a future owner even more upside in both rent and property value. Furthermore, 3420 has been very recently upgraded and currently features: hardwood flooring, new paint, new bathroom with new tub, contemporary glass doors and shower tile with a new vanity. It has brand new kitchen cabinets, sink and stainless steel appliances (Gas stove, large double door refrigerator, a built-in microwave, dishwasher/disposal). Additional tenant amenities for both homes include a private patio area and laundry in each unit. This immaculately groomed and perfectly located asset allows a future owner the opportunity to lock in 30 year fixed financing at historically low rates, a value-add opportunity, a long-term hold opportunity and the chance to become an owner in one of the highest-demand rental markets in Southern California.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.welcometosandiegorealestate.com/homes/116020803
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    3420-22 Cherokee San Diego, CA 92104

    • Price: $1,195,000
    • Status: ACTIVE
    • Updated: 62 min ago
    • ID#: 210009412
    5
    Beds
    3
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,170
    SQFT
    $551
    $/SQFT
    1940
    Built
    Neighborhood:
    Cherokee Point
    County:
    San Diego
    Area:
    North Park (92104)
    Elementary School:
    San Diego Unified School District
    Middle School:
    San Diego Unified School District
    High School:
    San Diego Unified School District
    Property Description
    Location location location! Drive this property and see just how quiet the area is. 3420-3422 Cherokee Ave is a craftsman-style "two on one" property located in the highly desirable North Park (92104) neighborhood of San Diego. Sitting near the end of the street with no outlet, these homes offer maximum privacy for their occupants. The detached homes feature a 2 bed/1 bath ($2,795/ month) and a 3 bed/2 bath ($2,960/ month). Unit 3422 has had a phenomenal long term tenant and was upgraded prior to move in approximately 3 & 1/2 years ago. Unit 3420 in the front of the property has a long driveway which leads to a single car garage, providing plenty of room for parking. The garage also can potentially be converted to an ADU, giving a future owner even more upside in both rent and property value. Furthermore, 3420 has been very recently upgraded and currently features: hardwood flooring, new paint, new bathroom with new tub, contemporary glass doors and shower tile with a new vanity. It has brand new kitchen cabinets, sink and stainless steel appliances (Gas stove, large double door refrigerator, a built-in microwave, dishwasher/disposal). Additional tenant amenities for both homes include a private patio area and laundry in each unit. This immaculately groomed and perfectly located asset allows a future owner the opportunity to lock in 30 year fixed financing at historically low rates, a value-add opportunity, a long-term hold opportunity and the chance to become an owner in one of the highest-demand rental markets in Southern California.
    Exterior Features

    Exterior Wood/Stucco Fencing Cross FencingFull Frontage Open Space Irrigation N/K Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 N/K Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 0 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 None Known Roof Composition Site Cul-De-Sac Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 2

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Source Natural Gas Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

    Property Features

    Actual Cap Rate 4.1 Age Restrictions N/K Annual Expense Actual 19537 Association ID San Diego Association Of Realtors (Sdar) Buildings 3 Cfd Mello Roos Fee 0.0 Community North Park Complex Features Laundry Facilities Complex Park Na Cross Streets Myrtle Ave Gross Rent Multiplier Actual 17.2 Gross Scheduled Income Actual 69576 Home Owners Assoc Fee Includes SewerTrash PickupWater Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Pets Yes Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Cal VetCashConventionalExchangeFhaVa Unit Number For Unit1 3420 Unit Number For Unit2 3422 Unit1 Deposit 2300 Unit1 Occupied Tenant Unit1 Projected Rent 3000.0 Unit1 Rent Actual 2795.0 Unit2 Deposit 2200 Unit2 Occupied Tenant Unit2 Projected Rent 3200.0 Unit2 Rent Actual 2960.0 Water Meter On Property Water District City Of San Diego Zoning R-2

    Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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