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About the Listing X83300 - C139608
Great Opportunity to do a Ground Lease with an Existing Single Family Home with an existing Jr. ADU and an Additional Four Units Approved to build in an Opportunity Zone. $250K in Tax Credits are available. The lot has 100 feet of frontage along Mt. Hope Park with 12 Mile Suburban Views to Mt. Helix during the day and evening. Property is also conveniently located about one mile east of Downtown San Diego. Property is located in a Transit Priority Zone and Opportunity Zone awarding 40% Renewable Energy Tax Credits with the Addition of Solar and Batteries. Permits are ready and done for Four Additional Legal Units to be Built on the Property as ADU's and a Duplex. There is potential of up to a total of 10 units that could be built on the property. Property is located in a Qualified Opportunity Zone. Which means that Investors who have sold stocks, business and real estate can trade into the property and fund the Construction Tax Free within six months of their Original Purchase and Construction can be completed within 30 months. Lessor is a Broker, no Listing Broker.
Listing Highlights
Status
Active
Days on Site
16
Property Type
Residential
MLS ®
26640029
Year Built
1949
Total Square Footage
1,368
Lot/Acreage
0.15
County
San Diego
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances: Built-In Gas, Gas/Electric Range, Microwave, Oven, Oven-Gas
- Air Cond: Air Conditioning,Electric
- Heating: Central
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Dining Area,Family Room,Furnished,Granite Counters,Bonus Room,Guest-Maids Quarters,Living Room
- Water:
Exterior Details
- Lot Description: Redevelopment Area
- Garage Capacity: 1 car
- Parking Spaces: 3
- Zoning: RM-1-1
- Roof: Asphalt
- Others: Updated/Remodeled
- Sewer: In Connected and Paid
- Parking Features: Above Street Level,Public,On street,Offsite
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
3996 Teak St San Diego, CA 92113
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