$1,900,000

35 Th St

San Diego CA, 92102

Description

This fully entitled 38 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! Other Fees: 0 Frontage: Freeway

Details

MLS#200049510
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site204

Features

ZoningR-2:MINOR
Acreage0.89

Market Activity 92102

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Area Information
StateCA
CountySan Diego
CitySan Diego
Zip Code92102
Area92102 - San Diego
Listing VS Median (in 92102)
Price:
$1,900,000
low | high
Med:
$749,900
100% of Average
On Site:
204
low | high
Med:
167.5
100% of Average
Sourced by Back At You
Listing Updated: December 14, 2020 2:38:20 AM PST
Patrick Mercer LogoMLS Number: 200049510
Listing Provided By:
Patrick Mercer  of  Keller Williams La Jolla
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