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.
Details
| MLS # | 26640029 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 223 |
| Listing Provided By | Rising Tide Real Estate Inc. | Steven Prescott |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,368 |
| Garage | 1 |
| Story(s) | 2 |
| Zoning | RM-1-1 |
| Acreage | 0.15 |
| Property View | Yes |
Interior
| Cooling | Electric |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Separate Formal Dining Room |
| Furnished | Furnished |
| Appliances | Dishwasher, Gas Oven, Gas Range, Microwave, Oven |
| Fireplace Yes / No | No |
Parking
| Parking Features | Driveway Down Slope From Street, Off Site, Public, On Street |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Sewer Tap Paid |
|---|
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92113 |
| Area | 92113 Logan Heights |
| Listing VS Median (in 92113) | |
Price: $1,499,000 low | high Med: $1,219,450 sqft: 1,368 low | high Med: 1,701 $ / sqft: $1,096 low | high Med: $724 On site: 223 low | high Med: 26 | |
Market Activity 92113
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92113 |
| Area | 92113 Logan Heights |
| Listing VS Median (in 92113) | |
Price: $1,499,000 low | high Med: $1,219,450 sqft: 1,368 low | high Med: 1,701 $ / sqft: $1,096 low | high Med: $724 On site: 223 low | high Med: 26 | |