2470 Imperial Ave

    San Diego, CA 92102
    • $849,000 - $899,000
    • STATUS: ACTIVE
    • ON SITE: 5 days
    • ID#: 190013535
    New On Site 5 Days Ago
    UPDATED: 57 min ago
    $849,000 - $899,000
    • 4
      BEDS
    • 0.16
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 3,016
      SQFT
    • $298
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1933
    County:

    School Ratings & Info

    Description

    OPPORTUNITY ZONE (Tax-Free Appreciation): Unique Opportunity in the heart of the Re-Development District! Rare Sherman Heights Listing consisting of a upstairs/downstairs duplex in the front of property with a huge 7,000 square foot lot. Towards the back you'll find a large detached Garage Structure. Centrally Situated in one of San Diego's Hottest & Most Up & Coming Neighborhoods, this Hot Neighborhood is filled w/Culture & a Rich History! Walking Distance to PetCo Park & East Village. Coronado Views! ATTENTION: This Property falls within the "Opportunity Zone! Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! The 2017 Tax Cuts and Jobs Act includes a new tax incentive provision intended to promote investment in economically distressed communities, referred to as “Opportunity Zones.” Through this program, investors can achieve the following three significant tax benefits: 1. Deferral of Gain: tax on capital gains following disposition of property are deferred if such gains are invested in a “Qualified Opportunity Fund” within 180 days of disposition until the earlier of the date on which the subsequent investment is sold or exchanged, or December 31, 2026; 2. Up to 15% of Taxable Gain Extinguished: 10% of the tax on the gain invested in the QOF is eliminated after 5 years and an additional 5% (for a total of 15%) is eliminated after 7 years; and 3. Elimination of Gain on Investment in Fund: if the investment is held in the QOF for at least 10 years, taxes on the appreciation in value of the investment in the QOF are eliminated. ALL INFORMATION PROVIDED IS DEEMED RELIABLE BY THE SELLER. IT IS THE BUYER'S RESPONSIBILITY TO PERFORM ALL INSPECTIONS AND VERIFY ALL INFORMATION INCLUDING BUT NOT LIMITED TO: NUMBER OF UNITS, PERMITTED ROOMS, SQUARE FOOTAGE, AND ALL OTHER BUYER DUE DILIGENCE BEFORE THE CLOSE OF ESCROW.

    Monthly Payment Calculator

    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.canerealestate.com/homes/92663101

    2470 Imperial Ave San Diego, CA 92102

    • Price: $849,000 - $899,000
    • Status: ACTIVE
    • Updated: 57 min ago
    • ID#: 190013535
    4
    Beds
    3
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,016
    SQFT
    $298
    $/SQFT
    1933
    Built
    Neighborhood:
    Sherman Heights
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    OPPORTUNITY ZONE (Tax-Free Appreciation): Unique Opportunity in the heart of the Re-Development District! Rare Sherman Heights Listing consisting of a upstairs/downstairs duplex in the front of property with a huge 7,000 square foot lot. Towards the back you'll find a large detached Garage Structure. Centrally Situated in one of San Diego's Hottest & Most Up & Coming Neighborhoods, this Hot Neighborhood is filled w/Culture & a Rich History! Walking Distance to PetCo Park & East Village. Coronado Views! ATTENTION: This Property falls within the "Opportunity Zone! Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! The 2017 Tax Cuts and Jobs Act includes a new tax incentive provision intended to promote investment in economically distressed communities, referred to as “Opportunity Zones.” Through this program, investors can achieve the following three significant tax benefits: 1. Deferral of Gain: tax on capital gains following disposition of property are deferred if such gains are invested in a “Qualified Opportunity Fund” within 180 days of disposition until the earlier of the date on which the subsequent investment is sold or exchanged, or December 31, 2026; 2. Up to 15% of Taxable Gain Extinguished: 10% of the tax on the gain invested in the QOF is eliminated after 5 years and an additional 5% (for a total of 15%) is eliminated after 7 years; and 3. Elimination of Gain on Investment in Fund: if the investment is held in the QOF for at least 10 years, taxes on the appreciation in value of the investment in the QOF are eliminated. ALL INFORMATION PROVIDED IS DEEMED RELIABLE BY THE SELLER. IT IS THE BUYER'S RESPONSIBILITY TO PERFORM ALL INSPECTIONS AND VERIFY ALL INFORMATION INCLUDING BUT NOT LIMITED TO: NUMBER OF UNITS, PERMITTED ROOMS, SQUARE FOOTAGE, AND ALL OTHER BUYER DUE DILIGENCE BEFORE THE CLOSE OF ESCROW.
    Exterior Features

    Exterior Wood Fencing Full Frontage Other/Remarks Frontage Dimensions In Feet 50 Lot Dimensions Approx 50X140 Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 4 Parking Non Garage Desc Unit1 AssignedGated Parking Non Garage Desc Unit2 AssignedGated Parking Non Garage Desc Unit3 DetachedGated Parking Non Garage Desc Unit4 AssignedGated Roof Composition Site Alley Access Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2 View CityEvening LightsOther/Remarks

    Interior Features

    Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Other/Remarks Heat Source Other/Remarks Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups No Units With Cooling 2 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 1 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 0 Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 0 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0 Community Logan Heights Complex Features Laundry Facilities Complex Park N/A Cross Streets 25th Street Gross Rent Multiplier Actual 18.49 Gross Rent Multiplier Project 14.98 Gross Scheduled Income Actual 48600 Gross Scheduled Income Project 60000 Jurisdiction Incorporated Mandatory Remarks None Known Mandatory Remarks For Value Range Pricing Seller Will Entertain Offers Between $849000 - $899000 Market Area Metro Central Monthly Total Fees 0 Net Operating Income Projected 0 Other Fees 0 Other Income Actual 0 Pets Yes Possession Close Of Escrow Projected Cap Rate 0 Projected Other Income 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays WaterElectricityGas/PropaneHot Water Terms CashConventionalFhaVa Unit Number For Unit1 2470 Unit Number For Unit2 2468 Unit Number For Unit3 2466 Unit1 Deposit 1000 Unit1 Occupied Tenant Unit1 Projected Rent 2000 Unit1 Rent Actual 1800 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Projected Rent 2000 Unit2 Rent Actual 1600 Unit3 Deposit 500 Unit3 Occupied Tenant Unit3 Projected Rent 1000 Unit3 Rent Actual 650 Water Meter On Property Water District City Of San Diego Zoning Cn 1-4

    Listing provided courtesy of Lepe Tendwell Properties. Listing information © 2019 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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