3718 1st Ave, San Diego CA, 92103

Sold

3718 1st Ave

San Diego CA, 92103

$2,200,000

Sold

Commercial

Listed by Terry Moore with Apartment Consultants, Inc. 619-299-3000

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.

220011542SD

MLSⓇ ID

May 12, 2022

Listed

March 23, 2024

Updated

Map

3718 1st Ave
San Diego CA, 92103

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.15 Acres

Other Property Details

Area Name: 92103 - Mission Hills
Days on Market: 20
Garage: No
Parking Total: 0
View: No
County: San Diego
Pool: No
Buyer Agency Compensation: 2.25%

Listing Contact: 619-299-3000

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:47 AM UTC