3448-50 Cherokee San Diego, CA 92104 New

UPDATED: 09/04/2026 12:29 AM ON MARKET: New on market today

$1,627,450

9 Beds5 Baths7,028 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision North Park

MLS Listing ID 260021656

Bedrooms 9

Full Baths 5

Year Built 1937

Lot Size 7,028 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Great investment opportunity to own a recently renovated Triplex in Cherokee Point with 4th 2 bed 2bath house in plans. Close proximity to downtown and Balboa Park. The Cherokee Point neighborhood is also landlocked between the 805 and 15 freeways, providing a quieter living experience compared to other parts of North Park, while still giving you easy access to all North Park has to offer including shopping, restaurants and activities. Which makes this a highly desirable location for a high performance investment. The property consists of 3 fully leased dwellings, Two 3 bedroom Houses and One 1 Bedroom. There are plans in the city for permits on an additional 2bed 2bath house. All houses have been upgraded with Newer Kitchens and Baths, LED lighting throughout, Ceiling Fans in every room, A/C and Heating, Washer and Dryer also included. This Houses are all individually Fully fenced yard and has Parking for multiple vehicles. Tenants pay all utilities. Currently priced with a 5.2 CAP. Proforma with adding the 4th dwelling will bring you over a 7plus CAP. Great turnkey investment with leases plus value-add opportunities.


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