Sold
526-28 Anderson Pl.
Mission Hills CA, 92103
$5,570,000
$637.88 per sqft
Sold
1 Bed
8,732 sqft
Commercial
Prime Hillcrest location a few blocks from Balboa Park! Two Spanish-style buildings. Large units with high ceilings. All kitchens and most bathrooms have been tastefully remodeled. Seller installed a $45k solar water heating system with four large storage tanks to provide hot water to tenants and laundry, making utility bills much lower than average. Owner resurfaced the roof and then painted/sealed it with white reflective silicone. He reported that the roof temperature dropped more than 40 degrees. Residents report that their summer interior temperature dropped 10 degrees. Their lower A/C bills makes the asset more desirable and boosts the rent potential. On premises owners workshop and storage area. Owner reports vacancy loss is less than 1% over past several years. One resident of 7 1/2 years states that parking is not a problem. 6th St. has no meters. 5th St. has meters. Some pay for one hour parking just prior to the meter requirements ending and are good for the rest of the night and just drive away in the morning. The resident manager is the seller's sister. She is currently credited $9,000/year for her resident manager services.
210028440
MLSⓇ ID
October 8, 2021
Listed
February 10, 2024
Updated
Map
526-28 Anderson Pl.
Mission Hills CA, 92103
Interior Features
Total Stories
2
Bedrooms
1 Bed
Appliances
Range, Refrigerator
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Other Property Details
Area Name
Metro Uptown
Taxes
$64,760
Tax Frequency
Annually
Days on Market
24
Garage
No
View
No
County
San Diego
Pool
No
Buyer Agency Compensation
2%
Listed by Apartment Consultants, Inc., Terry Moore,
Listing Contact: 619-889-1031
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