Listing Agent: Steven Prescott      Broker/Office: Rising Tide Real Estate Inc.
$ 1,499,000
  3   |    1   |    1368 Sq Feet

Listing ID

#26640029

Status

Active

Property Type

Single Family Residence

County

San Diego

Year Built

1949

Days on website

3

Description
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.
Financial Information
List Price:  $ 1499000
Property Features
Appliances:  Dishwasher, Microwave, Oven
Cooling:  Electric
Direction Faces:  East
Furnished:  Furnished
Heating:  Central
Levels:  Two
Parking Features:  Public
Patio And Porch Features:  Deck
Pool Features:  Fenced
Senior Community YN:  false
View:  Panoramic, Pasture
Senior Community YN:  false
MLS Area Major:  92113 - Logan Heights
City:  San Diego
Listed By:   Steven Prescott   Rising Tide Real Estate Inc. 
CA Lic#