35Th And J Street , #0

    San Diego, CA 92102
    • $2,750,000
    • STATUS: ACTIVE
    • ON SITE: 55 days
    • ID#: 180053610
    UPDATED: 38 min ago
    $2,750,000
    • 0
      BEDS
    • 0.89
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    This fully entitled 40 Unit development opportunity is in the heart of Mt. Hope. The flat development site sits high above interstate 15 which runs north and south throughout San Diego County. This opportunity has easy access off interstate 15 with tremendous visibility from the freeway giving the future developer great advertising space. Enjoy views of downtown San Diego and the Coronado bridge from the future third story of the future development with access to 3 major freeways within 5 minutes. See Sup The current approved plans are to build twenty (20) detached homes with each home having its own one (1) bedroom apartment on the first level. Of the Twenty (20) homes that can be built on the site, two (2) units must be ‘very low income’ affordable units. Forty (40) parking spaces are proposed on grade. This development is located within a designated Opportunity Zone which allows the purchaser to defer the taxes due on their initial gain until 12/31/2026 and earn investment income along the way. If the development is held for ten years, the owner avoids paying tax on capital gains earned on your investment - FOR LIFE!

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
    www.welcometosandiegorealestate.com/homes/87882406

    35Th And J Street , #0 San Diego, CA 92102

    • Price: $2,750,000
    • Status: ACTIVE
    • Updated: 38 min ago
    • ID#: 180053610
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.89
    Acres
    Neighborhood:
    Mount Hope
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    This fully entitled 40 Unit development opportunity is in the heart of Mt. Hope. The flat development site sits high above interstate 15 which runs north and south throughout San Diego County. This opportunity has easy access off interstate 15 with tremendous visibility from the freeway giving the future developer great advertising space. Enjoy views of downtown San Diego and the Coronado bridge from the future third story of the future development with access to 3 major freeways within 5 minutes. See Sup The current approved plans are to build twenty (20) detached homes with each home having its own one (1) bedroom apartment on the first level. Of the Twenty (20) homes that can be built on the site, two (2) units must be ‘very low income’ affordable units. Forty (40) parking spaces are proposed on grade. This development is located within a designated Opportunity Zone which allows the purchaser to defer the taxes due on their initial gain until 12/31/2026 and earn investment income along the way. If the development is held for ten years, the owner avoids paying tax on capital gains earned on your investment - FOR LIFE!
    Exterior Features

    Fencing Partial Frontage Freeway Irrigation N/K Structures N/K Topography LevelRolling

    Property Features

    Additional Property Use N/K Age Restrictions N/K Approved Plans Yes Cfd Mello Roos Fee 0 Community San Diego Cross Streets 35th And J St. Highest Best Use Multi-DwellingResidentialOther/Remarks Home Owners Fees 0 Mandatory Remarks None Known Monthly Total Fees 0 Occupied Call Listing Agent Other Fees 0 Possession Close Of Escrow Sales Restrictions N/K Short Sale No Terms Cash Utilities Available N/K Utilities To Site N/K Water N/K Water District City Of San Diego Zoning Rm-1-1

    Listing provided courtesy of Mercer Properties. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
     
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