$10,000

Estimated payment $66/month

Total Views 1,196
3 Beds
1 Bath
1,368 Sq Ft
$7 Price per Sq Ft

Highlights

  • Hot Property
  • Cabana
  • Maid or Guest Quarters
  • Attached Guest House
  • Panoramic View
  • 3-minute walk to Mountain View Park

About This Home

Great Opportunity to do a Ground Lease with an Existing Single Family Home with an existing Jr. ADU and an Additional Four Units Approved to build in an Opportunity Zone. $250K in Tax Credits are available. The lot has 100 feet of frontage along Mt. Hope Park with 12 Mile Suburban Views to Mt. Helix during the day and evening. Property is also conveniently located about one mile east of Downtown San Diego. Property is located in a Transit Priority Zone and Opportunity Zone awarding 40% Renewable Energy Tax Credits with the Addition of Solar and Batteries. Permits are ready and done for Four Additional Legal Units to be Built on the Property as ADU's and a Duplex. There is potential of up to a total of 10 units that could be built on the property. Property is located in a Qualified Opportunity Zone. Which means that Investors who have sold stocks, business and real estate can trade into the property and fund the Construction Tax Free within six months of their Original Purchase and Construction can be completed within 30 months. Lessor is a Broker, no Listing Broker.

Listing Agent

Steven Prescott

Rising Tide Real Estate Inc. License #01495626 Listed on: 07/30/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,960

Year Built

  • Built in 1949 | Remodeled

Lot Details

  • 6,600 Sq Ft Lot
  • East Facing Home
  • Property is zoned RM-1-1

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage
  • Public Parking
  • On-Street Parking
  • Off-Site Parking

Property Views

  • Panoramic
  • City
  • Woods
  • Pasture
  • Mountain
  • Park or Greenbelt

Home Design

  • Farmhouse Style Home
  • Asphalt Roof

Interior Spaces

  • 1,368 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Living Room
  • Dining Area
  • Bonus Room
  • Vinyl Plank Flooring
  • Security System Owned

Kitchen

  • Gas Oven
  • Gas and Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Maid or Guest Quarters
  • 1 Full Bathroom

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Pool

  • Cabana
  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Grill

Additional Homes

  • Attached Guest House

Utilities

  • Central Heating
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 546-330-13-00

Community Details

Overview

  • No Home Owners Association
  • Property is near a preserve or public land
  • Greenbelt

Amenities

  • Community Barbecue Grill

Recreation

  • Tennis Courts
  • Community Basketball Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,960

Year Built

Built in 1949 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Farm House
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Property available for a NNN Lease of $10,000/mo. Property includes one two bedroom one bath home recently updated. It also includes a 250 SF JR ADU that consistently rents for approximately $1,700 SF a month. The property has permits for two new ADU's that each have guest suites that can generate $10,000/mo.New Lessee can Master Lease the entire property with a Purchase Option of First Right of Refusal to build the ADU's, get the Tax Credits, and 100% Bonus Depreciation and enjoy the excess cash flow of $60,000/YR+ .
  • Living Area: 1368
  • Lot Acreage: 0.1515
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 52
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Vinyl Plank
  • Appliances: Built-In Gas, Gas/Electric Range, Microwave, Oven, Oven-Gas
  • Bedrooms: 3
  • Fireplaces: 0
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, Family Room
  • Kitchen Features: Granite Counters
  • Laundry: Garage
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Alarm System, Cable, Dishwasher, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
  • Fireplace: No
  • Price Per S Q F T: 7.31

Exterior Features

  • Direction Faces: East
  • Other Features: Balcony, Two On A Lot, Barbecue Private
  • Other Structures: Cabana
  • Guest House: Attached
  • Patio: Balcony, Deck(s)
  • Pool Description: Fenced
  • Pool: Yes
  • Roof: Asphalt
  • Spa Yn: No
  • View: Green Belt, Trees/Woods, Park, Pasture, Panoramic, Mountains, City
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 2
  • Covered Parking: 1
  • Parking Garage: Above Street Level, Public, On street, Offsite
  • Total Parking: 3

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Electric
  • Heating: Central
  • Security: Owned
  • Sewer: In Connected and Paid
  • Water: In Street

Association/Amenities

  • Amenities: Assoc Barbecue, Basketball Court, Tennis Courts, Paddle Tennis

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 546-330-13-00
  • Lot Description: Redevelopment Area
  • Lot Location: Greenbelt, Canyon, Park Nearby, Preserve/Public Land
  • Lot Size Area: 6600

Rental Info

  • Furnished: Furnished
  • Land Lease Amount Per Year: 10000.00
  • Land Lease Expiration Year: 2085
  • Land Lease Purchase Yn: No
  • Land Lease Type: Lease
  • Lease Option: 1
  • Land Lease Expiration Date: 2085-07-30

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,960 $492,138 $328,093 $164,045
2024 $5,960 $482,489 $321,660 $160,829
2023 $5,829 $473,029 $315,353 $157,676
2022 $5,674 $463,755 $309,170 $154,585
2021 $5,635 $454,662 $303,108 $151,554
2020 $445 $33,537 $10,324 $23,213
2019 $438 $32,880 $10,122 $22,758
2018 $411 $32,236 $9,924 $22,312
2017 $401 $31,605 $9,730 $21,875
2016 $393 $30,987 $9,540 $21,447
2015 $388 $30,522 $9,397 $21,125
2014 $383 $29,925 $9,213 $20,712
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 For Sale $10,000 -97.8% $7 / Sq Ft
03/27/2020 03/27/20 Sold $450,000 -6.3% $329 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
01/15/2020 01/15/20 Price Changed $480,000 -5.0% $351 / Sq Ft
12/18/2019 12/18/19 Price Changed $505,000 -10.6% $369 / Sq Ft
11/21/2019 11/21/19 For Sale $564,999 -- $413 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $450,000 Chicago Title Company
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $431,000 New Conventional
Closed $427,500 New Conventional
Source: Public Records

Source: The MLS

MLS Number: 25572115

The MLS

APN: 546-330-13