3996 Teak St Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92113
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
Style Farm House
Bedrooms 3
Full Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Land Lease Amount 10000.0
Year Built 1949
Lot Size 6,600 Sqft
Acres 0.1515
Property Sub-Type Single Family Residence
Property 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.
Location
State CA
County San Diego
Area San Diego
Zoning RM-1-1
Rooms
Other Rooms Cabana
Dining Room 0
Kitchen Granite Counters
Interior
Heating Central
Cooling Air Conditioning, Electric
Flooring Vinyl Plank
Fireplaces Type None
Equipment Alarm System, Cable, Dishwasher, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
Laundry Garage
Exterior
Parking Features Above Street Level, Public, On street, Offsite
Garage Spaces 3.0
Pool Fenced
Amenities Available Assoc Barbecue, Basketball Court, Tennis Courts, Paddle Tennis
View Y/N Yes
View Green Belt, Trees/Woods, Park, Pasture, Panoramic, Mountains, City
Roof Type Asphalt
Building
Lot Description Redevelopment Area
Story 2
Sewer In Connected and Paid
Water In Street
Architectural Style Farm House
Level or Stories Two
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard