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POWERED BY PURLIN.AI

3996 Teak St

san diego, CA 92113

$1,499,000

  • 3 BR
    1 BA
    APPROX. 1,368 SF

INTERESTED? LET'S CONNECT

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

1,368 Sq Ft

6,600 Sq Ft Lot Size

Single Family Home

Built in 1949

MLS/Listing ID 26640029

2 Stories

Amenities & Features

Oven

Microwave

Style - Farmhouse

Cooling - Electric

Pool - Fenced

Balcony

Parking - Off Site

Parking - On Street

Parking - Public

Vinyl

CLAW

estimate my mortgage

TOTAL MONTHLY COST

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  • PRINCIPAL & INTEREST

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  • PROPERTY TAXES

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  • COMMON CHARGES

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HOME PRICE
DOWN PAYMENT
term
INTEREST

Interested in 3996 Teak St?