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John Bertsch

greathomes@johnbertsch.com +1(619) 518-5421

$ 10,000

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3996 Teak ST San Diego, CA 92113

3 Beds

1 Bath

1,368 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,368 sqft

Price per Sqft $7

MLS Listing ID 25572115

Bedrooms 3

Full Baths 1

Construction Status Updated/Remodeled

HOA Y/N No

Land Lease Amount 10000.0

Year Built 1949

Lot Size 6,599 Sqft

Property Sub-Type Single Family Residence

Property Description

Great Opportunity to do a Ground Lease with an Existing Single Family Home with a Jr. ADU and an Additional Four Units Approved to build in an Opportunity Zone with $250K in Tax Credits Available. The lot has 100 feet of frontage along Mt. Hope Park with 12 Mile Suburban Views to Mt. Soledad 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. 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 Duplex. There is potential of up to a total of 10 units that could be built on the property. Buyer to verify with Architectural and Zoning experts. 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.

Location

State CA

County San Diego

Area 92113 - Logan Heights

Zoning RM-1-1

Interior

Interior Features Separate/Formal Dining Room

Heating Central

Cooling Electric

Fireplaces Type None

Furnishings Furnished

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Microwave, Oven

Laundry In Garage

Exterior

Parking Features Driveway Down Slope From Street, Off Site, Public, On Street

Garage Spaces 1.0

Garage Description 1.0

Pool Fenced

Amenities Available Paddle Tennis, Tennis Court(s)

View Y/N Yes

View City Lights, Park/Greenbelt, Mountain(s), Panoramic, Pasture, Trees/Woods

Porch Deck

Total Parking Spaces 3

Building

Faces East

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5463301300

Special Listing Condition Standard

Land Lease Amount 10000.0

Listed by Steven Prescott Rising Tide Real Estate Inc.

John Bertsch

Agent | License ID: 02135471

+1(619) 518-5421

John Bertsch

3996 Teak ST San Diego, CA 92113

Key Details

Location

Interior

Exterior

Building

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3996 Teak ST