3420 Cherokee Pt.
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3420 Cherokee Pt.

C

San Diego, CA 92104

$1,375,000

Beds

Baths

Sqft

Year Built

1940

Days on Market

40

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

260011402SD

This property is in San Diego (92104). View neighborhood stats →

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About This Property

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!

Mortgage Calculator

Est. Monthly Payment

$8,729

Principal & Interest$6,953
Property Tax$1,375
Insurance$401
%($275,000)
%

Investment Score

7D
Est. Monthly Rent
$4,813
Monthly Cashflow

Rent − PITIA

$-3,916
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,169

Mortgage (P+I)
$6,953
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$12,824

NOI (Annual)
$9,410
Price-to-Rent

Lower = better for investors

23.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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