3996 Teak Street, San Diego, CA 92113

$1,499,000 Approx. USD 3 beds, 1 baths
1,368 sqft

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Marketed By The Keaty Team

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Agent Remarks

Great Opportunity to buy an Existing Single Family Home with a Jr. ADU. The Lot has 100 feet of frontage along Mt. Hope Park with 12 Mile Suburban Views to Mt. Soledad 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. 40% Renewable Energy Tax Credits with the Addition of Solar and Batteries. There are current plans for an Four Additional Legal Units to be Built on the Property as ADU's and Duplex. Permit expected very shortly. There is potential of up to a total of 10 units that could be built on the property. Buyer to verify with Architectural and Zoning experts. 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. Seller is a Broker, no Listing Broker. Buyer Broker paid 6.00% of Sale Price. $1,499,000.00 No Tours unless a written offer is presented with Proof of Funds All Cash.

Listing Details

Trust & Probate

Property type: Single Family Residence (Single Family)

Status: Active

MLS# 25529387

Price: $1,499,000

Beds: 3

Baths: 1 (1 full)

None fireplaces

Built in 1949

1,368 sqft

2 stories