3448-50 Cherokee, San Diego, CA 92104

• 9 beds |
• 5 baths

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.

Listing Status:

Active

Date Added:

September 3, 2026

Data Last Updated:

October 8, 2026 at 9:11PM

Listing Office:

Michael Stowers : 619-520-9138

Listing Agent:

Brian Jackel : 619-888-1916

MLS ID:

260021656

Interior

• A/C: Zoned Area(s)
• Heating: Zoned AreasForced Air Unit

Construction

• Roofing: Composition
• General: StuccoWood/Stucco1 Story

Location

• Originating MLS: SDMLS
• County: San Diego

Lot

• Zoning: R-2:MINOR447-703-11-00
• Fencing: Full

Utilities

• Utilities: Sewer Connected

Financial

• Source: SDMLS