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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.
Address |
3996 Teak
San Diego, CA 92113 |
Listing Status | Active |
Asking Price | $1,499,000 |
Original Listing | $1,499,000 @ 2025-04-23 |
Property Condition | Updated/Remodeled |
Age Restriction | 0 |
Property Type | |
Mello-Roos Fee | None Listed |
HOA Fee | N/A |
HOA Amenities | Tennis Court(s), Paddle Tennis |
Square Footage | Not Disclosed |
Bedrooms | 3 |
Full Bathrooms | 1 |
Directions | 40th and Teak Street |
Market Area | 92113 - Logan Heights |
School District | Not Listed |
County | San Diego |
Assessor Parcel# | 5463301300 |
Zoning | RM-1-1 |
Geographic Areas |
Community College District: San Diego CC |
Highway Locator |
East of I-15 East of I-5 South of I-8 West of I-805 South of SR-52 South of SR-56 South of SR-78 |
Ocean Distance | 6.4 miles |
Year Built | 1949 |
Laundry Location | In Garage |
Elevator | Not Listed |
Cooling | Electric |
Heating | Central |
Sewer/Septic | Sewer Paid |
Fireplaces | None (0) |
Additional Parcels | No |
Appliances | Yes |
Assessments | No |
Association | No |
Common Walls | No Common Walls |
Cooling | Yes |
Direction Faces | East |
Eating Area | Dining Room, In Family Room |
Heating | Yes |
Land Lease | No |
Laundry | Yes |
Levels | Two |
Lot Size Units | Square Feet |
New Construction | No |
Parking | Yes |
Patio | Yes |
Room Kitchen Features | Granite Counters |
View | Yes |
Platform | CRMLS |
AOR | CLAW |
MLS Number | 25529387 |
Courtesy of | Rising Tide Real Estate Inc. |
Listing Agent | Steven Prescott |
https://www.californiatophomes.com/25529387
Style | Single Family Residence |
Material | Not Listed |
Lot Size | ~ 6,600 sf |
Fencing | Not Listed |
Topography | Not Listed |
Swimming Pool | Fenced |
Patio | Deck |
Parking |
Driveway Down Slope From Street
Public
Street
Off Site
Total Spaces: 3.00
Garage Spaces: 1.00
Non-Garage Spaces:
0 -
2.00
|
View | Park/Greenbelt, Trees/Woods, Pasture, Panoramic, Mountain(s), City Lights |