San Diego, CA 92113,2022 Ocean View Blvd
San Diego, CA 92113,2022 Ocean View Blvd
San Diego, CA 92113,2022 Ocean View Blvd
San Diego, CA 92113,2022 Ocean View Blvd
San Diego, CA 92113,2022 Ocean View Blvd
San Diego, CA 92113,2022 Ocean View Blvd
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$520,000

$549,900

5.4%
Est.Price: ?

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Est. payment /mo

3,484 Sqft Lot


SOLD DATE : 04/30/2019

Key Details

Sold Price $520,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 190009920

Sold Date 04/30/19

HOA Y/N No

Year Built 1956

Lot Size 3,484 Sqft

Property Description

Centrally located three on one / triplex in the Logan Heights area. Attractive upside potential & substantial opportunity for a new owner/investor to increase rents through efficient mgmt. & property improvements. Recent owner improvements include plumbing, fixtures, & newer flooring in 2 of the units. Stucco exterior allows for relatively low exterior maintenance. Property is just steps to the trolley line/mass transit & walking dist. to all conveniences. Easy fwy access. All tenants are Month-to-Month. 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. PLEASE VERIFY & CONSULT YOUR TAX/LEGAL Professional. Neighborhoods: Barrio Logan Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 2022.5 Unit # for Unit 2: 2022 Unit # for Unit 3: 2024 Number of Furnished Units: 0 Topography: LL

Location

State CA

County San Diego

Area 92113 - Logan Heights

Building/Complex Name Barrio Logan

Zoning R-4:MULTIP

Interior

Heating Natural Gas

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Pool None

Roof Type Rolled/Hot Mop

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

Others

Tax ID 5381600500

Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan

Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Michael Wolf • Coldwell Banker West
Bought with Daniel Lecuna • Big Block Realty, Inc.
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