1006 S 26th, San Diego, CA 92113

Property Description

INVESTOR!!! INVESTOR!!! INVESTOR!!! Located in "QUALIFIED OPPORTUNITY ZONE" DETACHED 2 Bedroom Home with an OPTIONAL ROOM! Cute Front PORCH! Backyard Space! SPACIOUS Living Room! Interior LAUNDRY ROOM! Convenient LOCATION near 5 Freeway, Harbor Drive and NAVAL BASE SAN DIEGO! Priced to Sell! NO VA/FHA, Only Looking For CASH Buyers. What Can Investing in a QOZ Do for Me? Investing unrealized capital gains in these zones provides the following benefits, all of which investors can take advantage of 1. Temporary deferral. If you invested in an opportunity zone previously, you may defer tax on any prior gains until the investment in the (QOF) is sold or exchanged, or December 31, 2026, whichever is sooner. 2. Reduction in tax gain. Further, the longer the investment is held, the higher the percentage excluded on the deferred gains. If the QOF investment is held for more than 5 years, 10% of gain is forgiven. Holding the investment for more than 7 years bumps the 10% exclusion to 15%. 3. Permanent exclusion and basis increase. If the investment is held for more than 10 years, there will be no capital gain on the appreciation in the Qualified Opportunity Zone and the investor becomes eligible for an increase in the basis, equal to its fair market value at the time the (QOF) investment is either sold or exchanged.. Neighborhoods: Barrio Logan Other Fees: 0 Sewer: Sewer Connected Topography: LL