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$5,535,000
526 Anderson Pl, San Diego, CA 92103
0 Beds
0 Baths
n/a sqft

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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.
  • Price:
  • $5,535,000
  • Acreage:
  • 0.16
  • Listing ID #:
  • 210028440
  • Street Address:
  • 526 Anderson Pl
  • City:
  • San Diego
  • State:
  • California
  • Postal Code:
  • 92103
  • County:
  • San Diego
  • Community:
  • Mission Hills
  • Listing Status:
  • Pending
  • Listing Type:
  • Commercial Sale
  • Number Of Units:
  • 16
  • Total # Of Buildings:
  • 2
  • Annual Insurance Expenses:
  • 4800
  • Annual Maintenance Expenses:
  • 12000
  • Annual Trash Expenses:
  • 4000
  • Annual Water/Sewer Expenses:
  • 11200
  • Net Operating Income:
  • 184428
  • Operating Expense:
  • 124155
  • Lot Size:
  • 7135
  • Lot Square Footage:
  • 7135
  • Days On Market:
  • 57
  • On Market Date:
  • 2021-10-09
  • Originating Mls:
  • Crmls
  • Unit 1 Type:
  • Item1bedroom
  • Unit 3 Type:
  • Item2bedroom
  • Unit 4 Type:
  • Item3bedroom
  • Unit 5 Type:
  • Item4bedroomormore
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Courtesy of Terry Moore () with Apartment Consultants
  • CACRMLS

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