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Clark Moses

Clark Moses
Stonegate Realty & Mortgage
Chula Vista, CA 91914

619-518-4472
Contact Me
CA BRE#01788396

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Listing 6 out of 1,313
$498,998 For Sale

3002 Webster
San Diego, CA 92113

2 units | Multi Family 2-4
4792 sq ft - MLS# 190013753
Property Photo
1/11

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!, 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.

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92113
  • Year Built: 1990
  • Subdivision/Neighborhood: Barrio Logan
  • Elementary School: https://www.sandiegounified.org/, San Diego Unified School District
  • Middle School: https://www.sandiegounified.org/, San Diego Unified School District
  • High School: San Diego Unified School District, https://www.sandiegounified.org/
  • Units: 2 units
  • Lot Size: 4792 sq ft
  • # of Buildings: 2
  • # of Units w/Range/Oven: 2
  • # of Units w/Refrigerator: 2
  • Annual Expense Actual: 1
  • Community: Logan Heights
  • Fencing: Partial
  • Gross Rent Multiplier Act: 14.87
  • Gross Rnt Multiplier Proj: 11.88
  • Gross Sched Income Actual: 33552
  • Gross Sched Income Proj.: 42000
  • Heat Equipment: Wall/Gravity
  • Heat Source: Natural Gas
  • Listing Area: LOGAN HEIGHTS (92113)
  • Lot Size Area: 4, 000-7, 499 SF
  • Lot SqFt: 5028
  • Other Income Actual: 1
  • Parking Garage Unit 1: Gated
  • Parking Garage Unit 2: Gated
  • Parking Non-Garage Unit 1: Assigned
  • Parking Non-Garage Unit 2: Assigned
  • Pets: Yes
  • Roof: Composition
  • Sewer/Septic: Sewer Connected
  • Siding: Stucco
  • Terms: Cash, Conventional, FHA
  • Topography: Level
  • Unit 1 # Bedrooms: 3
  • Unit 1 # Total Baths: 1
  • Unit 1 # of Full Baths: 1
  • Unit 1 Deposit: 1500
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Projected Rent: 2200
  • Unit 1 Rent Actual: 1796
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Total Baths: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 Deposit: 1300
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Projected Rent: 1300
  • Unit 2 Rent Actual: 1000
  • Water: Meter on Property
  • Water District: City Of San Diego
  • Water Heater Type: Gas
Courtesy of Lepe Tendwell Properties



Clark Moses | 619-518-4472 | Contact Me
823 Anchorage Place - Chula Vista, CA 91914
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