$700,000
$749,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
2078 Harrison Ave San Diego, CA 92113
2 Beds
1 Bath
1,560 SqFt
Key Details
Sold Price $700,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $448
Subdivision Logan Heights
MLS Listing ID 190015013
Sold Date 07/16/19
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1920
Property Description
OPPORTUNITY ZONE (Tax-Free Appreciation): Unique Opportunity in the heart of the Re-Development District! Single Family Home, with additional units that generate thousands in rental income & potential for Development of up to 10 units! 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. 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.. Neighborhoods: Barrio Logan Other Fees: 0 Sewer: Sewer Connected Topography: LL
Location
State CA
County San Diego
Area 92113 - Logan Heights
Zoning RM-3-7
Interior
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Tile, Wood
Fireplace No
Appliance Electric Water Heater, Gas Cooktop, Gas Water Heater, Microwave
Laundry See Remarks
Exterior
Garage Other
Pool None
Roof Type Spanish Tile
Accessibility Parking
Porch Front Porch
Total Parking Spaces 10
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Tax ID 5381501300
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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Bought with Alex DeLuna • Berkshire Hathaway HomeService