$10,000
3 Bed
1 Bath
1,368
0.15 Acre Lot

3996 Teak Street, San Diego, California 92113

  • Residential Property Type
  • 1,368 Square Footage
  • Driveway Down Slope From Street Cars Garage
  • 1949 Year Built
Property Description

Great Opportunity to do a Ground Lease with an Existing Single Family Home with an existing Jr. ADU and an Additional Four Units Approved to build in an Opportunity Zone. $250K in Tax Credits are available. The lot has 100 feet of frontage along Mt. Hope Park with 12 Mile Suburban Views to Mt. Helix 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 awarding 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 a Duplex. There is potential of up to a total of 10 units that could be built on the property. 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.

Basic Details
Residential
For Sale
25572115
$10,000
City Lights,Park/Greenbelt,Mountain(s),Panoramic,Pasture,Trees/Woods
3
1
1,368
1949
0.15 Acre
Active
1
Single Family Residence
Features
: Fenced
: Central
: Electric
: None
: Deck
: Driveway Down Slope From Street, On Street, Public, Off Site
: Separate/Formal Dining Room
: In Garage
: Sewer Tap Paid
$0
Appliances
: Dishwasher, Gas Oven, Gas Range, Microwave, Oven
Address Map
CA
San Diego
San Diego
92113
Teak
3996
Street
East
40th and Teak Street
92113 - Logan Heights
RM-1-1
Additional Information
$0
$0
$0
$0
$0
Paddle Tennis,Tennis Court(s)
1368
1.0
: Two
2025-07-30
2
2
Broker/Agent Information
Rising Tide Real Estate Inc.
Steven Prescott
Listing Information
CLW-C139608
CLW-X83300
Active
2025-08-02T14:44:49Z
CRMLS
: Standard
2025-07-30T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069