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.

Features
: City Lights, Mountain(s), Panoramic, Trees/woods, Park/greenbelt, Pasture
0
0
: No Common Walls
2
: Fenced
: Tennis Court(s), Paddle Tennis
: 3.00
: Street, Off Site, Driveway Down Slope From Street, Public
0
: Deck
: In Garage
: Living Room, Bonus Room, Guest/maid's Quarters
: Updated/remodeled
: Central
: Electric
: Sewer Paid
: Dishwasher, Gas Range, Microwave, Gas Oven, Oven
MLS Addon
RM-1-1
5463301300
6,600
$0
: Granite Counters
1
Arlington
Arling
Miller
Two
: Dining Room, In Family Room
$0
0
0
: Standard
02/08/2025 07:44:15
Listing courtesy of
Rising Tide Real Estate Inc.
What is Nearby?
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Residential For Sale

3996 TeakStreet, San Diego, California, 92113

3 Bedrooms
1 Bathrooms (Full)
1,368 Sqft
Visits : 2 in 2 days
$10,000
Listing ID #25572115
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Residential
Property SubType : Single Family Residence
Price : $10,000
Price Per Square Foot : $7
Square Footage : 1,368 Sqft
Lot Area : 0.15 Sqft
Year Built : 1949
View : Mountain(s)
Bedrooms : 3
Bathrooms : 1
Bathrooms (Full) : 1
Listing ID : 25572115
Agent info
Rina Maya
Designated Broker
Contact Agent
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