2022 Ocean View Blvd, San Diego, CA 92113

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