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  • MLS#: 26640029 ( Single Family Residence )
  • Street Address: 3996 Teak Street
  • Viewed: 1
  • Price: $1,499,000
  • Price sqft: $1,096
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 1368
  • Bedrooms: 3
  • Total Baths: 1
  • Full Baths: 1
  • Garage / Parking Spaces: 3
  • Days On Market: 28
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92113
  • Provided by: Rising Tide Real Estate Inc.
  • Contact: Steven Steven
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Dishwasher
  2. Gas Range
  3. Microwave
  4. Oven
  5. Gas Oven
Association Amenities
  1. Tennis Court(s)
  2. Paddle Tennis
Common Walls
  1. No Common Walls
Cooling
  1. Electric
Country
  1. US
Direction Faces
  1. East
Eating Area
  1. Dining Room
  2. In Family Room
Fireplace Features
  1. None
Garage Spaces
  1. 1.00
Heating
  1. Central
Landleaseamount
  1. 0.00
Landleaseamountfrequency
  1. Annually
Laundry Features
  1. In Garage
Levels
  1. Two
Parcel Number
  1. 5463301300
Parking Features
  1. Driveway Down Slope From Street
  2. Public
  3. Street
  4. Off Site
Patio And Porch Features
  1. Deck
Pool Features
  1. Fenced
Postalcodeplus4
  1. 2872
Property Type
  1. Single Family Residence
Property Condition
  1. Updated/Remodeled
Sewer
  1. Sewer Paid
Spa Features
  1. None
Uncovered Spaces
  1. 2.00
View
  1. Park/Greenbelt
  2. Trees/Woods
  3. Pasture
  4. Panoramic
  5. Mountain(s)
  6. City Lights
Year Built
  1. 1949
Zoning
  1. RM-1-1