Listing Courtesy of: San Diego, CA MLS / Bankers Hill / James Gaulke
$1,100,000
5
BED
4
BATH
49,050
SQFT
  3711-3719 35th St San Diego, CA 92104
Pending (216 Days)

Comments

Beautifully maintained 4 unit property in Cherokee Point. Property consists of (3) 1 bedroom, 1 bath units and (1) 2 bedroom, 1 bath, a 2 car garage and a 1 car garage and 2 additional parking spots. Units to be sold in conjunction with MLS#190039160 (a 3 bedroom 1.5 bath home listed at $600,00). On record they are two separate parcel numbers, but real make-up of property is 5 units. Each parcel can be financed separately to avoid commercial financing. Property is located within an "opportunity zone". "Opportunity zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged."

MLS #
190039162
Lot Size
3,472 SQFT
Type
Multifamily
Year Built
1942
Views
Evening Lights
County
San Diego County
Community
Cherokee Point
Bathroom Details
  • Full Bathrooms: 4
Subdivision
  • Cherokee Point
Lot Information
  • Level
Property Features
  • Street Paved
  • Sidewalks
  • Public Street
  • Curbs
  • Alley Access
Heating and Cooling
  • Wall/Gravity
Exterior Features
  • Wood/Stucco
  • Wood
  • Stucco
  • Roof: Tile/Clay
  • Roof: Composition
Utility Information
  • Utilities: Meter on Property
  • Sewer: Sewer Connected
  • Fuel: Natural Gas
Garage
  • Carport
  • Assigned
  • Detached
Parking
  • Carport
  • Assigned
  • Detached
Stories
  • 2 Story
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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James Gaulke
James Gaulke
Lic. 01860276