15-Unit Multifamily
New
For Sale
$3,425,000
3853 Cherokee, San Diego, CA 92104
A 2020 renovation updated the interiors, windows, roof, electrical, and plumbing across this two-parcel apartment property.
Property SizeContact for details
Lot Size0.32 Acres
Days on Market5
Property Features for 3853 Cherokee
General Information
Standard status
Active
Lot size
0.32 Acres
Property subtype
Commercial
Financials
Asking Price
$3,425,000
Cap Rate
6.01%
Gross Rent Multiplier
9.91
Additional Details
Public Transit
Yes
Multifamily Units
15
Amenities
Laundry Area
Wall Furnace Heating
Building Details
Year Built
1953
Year Renovated
2020
Listing Agency:
SALVATORE JOSEPH PROVENZA JR
(949) 725-1786
Listed By:
TOSH EVERETT · License #02212773
(760) 840-7073
Source:
Corcoran
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SALVATORE JOSEPH PROVENZA JR
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Investment Insights
Based on property information with market context.
This 15-unit San Diego property comprises two adjoining parcels totaling 13,806 SF. One parcel contains a 13-unit, two-story stucco apartment building with exterior walkways and a separate single-story front building. The second parcel holds a craftsman-style duplex behind a redwood privacy fence. Built in 1953, the property underwent interior and exterior renovations in 2020, including new windows and roofing, electrical work, and plumbing upgrades. Unit finishes include plank flooring, shaker cabinetry, granite countertops, stainless appliances, and fully tiled bathrooms.
The property is on Cherokee Avenue in the Cherokee Point neighborhood, near the University Avenue corridor and its restaurants, coffee shops, and transit. Balboa Park, Downtown San Diego, and Mission Valley are described as a short drive away. The two-parcel configuration combines a 13-unit community with a separate duplex. Reported operating metrics include a 6.01% cap rate on in-place income, a 6.64% cap rate at market rents, and a 9.91 GRM.
The property is on Cherokee Avenue in the Cherokee Point neighborhood, near the University Avenue corridor and its restaurants, coffee shops, and transit. Balboa Park, Downtown San Diego, and Mission Valley are described as a short drive away. The two-parcel configuration combines a 13-unit community with a separate duplex. Reported operating metrics include a 6.01% cap rate on in-place income, a 6.64% cap rate at market rents, and a 9.91 GRM.
Key Highlights
- 15 units across two adjoining parcels totaling 13,806 SF
- 13‑unit apartment community in a two‑story stucco building, plus a separate craftsman‑style duplex
- 2020 interior and exterior renovation included new windows, a new roof, and electrical and plumbing upgrades
Property Analytics
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Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
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Business Placement
Demographics for 92104, CA
44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
Median Home Value
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 2020 renovation updated the interiors, windows, roof, electrical, and plumbing across this two-parcel apartment property.
Where is this apartment building located?
The property is located at 3853 Cherokee San Diego, CA.
What is the asking price?
The asking price for this property is $3,425,000.
What are key features of this property?
This property features: 15 units across two adjoining parcels totaling 13,806 SF; 13‑unit apartment community in a two‑story stucco building, plus a separate craftsman‑style duplex; 2020 interior and exterior renovation included new windows, a new roof, and electrical and plumbing upgrades
