3002 Webster, Logan Heights, CA 92113

$498,998
4
BD
2
BA
List Price
$498,998
Days on Market
11
Status
ACTIVE
MLS#
190013753
Bedrooms
4
Bathrooms
2
Lot Size(Range)
4,000-7,499 SF
Lot Size(apprx.)
5,028
School District
San Diego Unified School District
Complex/Building Name
N/A
Property Type
Multifamily
Year Built
1990

Property Description

OPPORTUNITY ZONE (Earn Appreciation Tax-Free): 2 Detached Homes on 1 Lot in Barrio Logan. 1st Home has 3br/1ba & 2nd home has 1br/1ba. Centrally Situated in one of San Diego's Hottest & Most Up & Coming Neighborhoods! This Hot Neighborhood is filled with Culture and a Rich History! Walking Distance & Quick Bike Ride to Petco Park, East Village & New Redeveloped areas in the Barrio! Great Opportunity for 1st Time buyer that wants to live in one home and rent the other to help pay the mortgage!

Additional Information

Actual Income Other
1
Building Name
N/A
Cooling
N/K
Frontage
N/K
Gross Rent Multiplier Actual
14
Gross Rent Multiplier Project
11
Gross Scheduled Income Actual
33552
Heat Equipment
Wall/Gravity
Heat Source
Natural Gas
Lot Size
5,028
Lot Size Range
4,000-7,499 SF
Neighborhood
Barrio Logan
Pets
Yes
Roof
Composition
Stories
1 Story
Style
Res Income 2-4 Units
Tenant Pays
Other/Remarks
Year Built
1990

Room Dimensions

Supplement
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.

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Lepe Tendwell Properties

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