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Great Opportunity to do a Ground Lease with an Existing Single Family Home with a Jr. ADU and an Additional Four Units Approved to build in an Opportunity Zone with $250K in Tax Credits Available. 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. Permits are ready and done for Four Additional Legal Units to be Built on the Property as ADU's and Duplex. 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. Lessor is a Broker, no Listing Broker.
Property Type(s):
Single Family
| Last Updated | 7/30/2025 | Year Built | 1949 |
|---|---|---|---|
| Community | 92113 - Logan Heights | Garage Spaces | 1.0 |
| County | San Diego |
Additional Details
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Gas Oven, Gas Range, Microwave, Oven |
| AREA | 92113 - Logan Heights |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 6599 sq ft |
| PARKING | Off Site, On Street |
| POOL DESCRIPTION | Fenced |
| STORIES | 2 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Park/Greenbelt, Mountain(s), Panoramic, Pasture, Trees/Woods |
Location
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Listed with Rising Tide Real Estate Inc.
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