Sold
3718-24 1st Ave
Mission Hills CA, 92103
$2,200,000
$646.68 per sqft
Sold
6 Beds
3,402 sqft
Commercial
This charming property in the popular walkable community of Hillcrest consists of three rental units in the front house, two separate cottages in the rear, a laundry room and is zoned RM-3-9. The Hall-Sherman house, built in 1891, is designated as a Historical Landmark, allowing owners to benefit from property tax relief under the Mills Act. This tax benefit is transferred to the new owner upon sale. The Victorian home maintains its original moldings, doorknobs, fireplace surround, and hardwood floors in most areas. A new roof and white picket fence were installed in 2017, and the front and rear facades were repainted in March 2022. Foundation upgrades completed include additional posts, piers, bolting, and cross-bracing. One of the cottages was completely renovated in 2020 with new windows, paint, carpet, heater, and handrail. The 2 bedroom/1 bath downstairs unit will be vacant by the end of May and new rent is expected to be $2,500 by close of escrow. Seller pays water for all 5 units, electricity for 3 units and gas for 1 unit. Buyer could sub-meter the property to have tenants pay utility costs.
220011542
MLSⓇ ID
May 12, 2022
Listed
February 10, 2024
Updated
Map
3718-24 1st Ave
Mission Hills CA, 92103
Interior Features
Total Stories
2
Bedrooms
6 Beds
Appliances
Range, Refrigerator
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Other Property Details
Area Name
Metro Uptown
Taxes
$6,153
Tax Frequency
Annually
Days on Market
20
Garage
No
View
No
County
San Diego
Pool
No
Buyer Agency Compensation
2.25%
Listed by Apartment Consultants, Inc., Terry Moore,
Listing Contact: 619-889-1031
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 Multiple Listing Service. 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.
© 2024 San Diego Multiple Listing Service. All rights reserved.
Data last updated 2:03 AM UTC, 2/10/2024
