3711-3719 35th St, North Park, CA 92104

$1,100,000
5
BD
4
BA
49,050
SqFt
List Price
$1,100,000
Days on Market
175
Status
PENDING
MLS#
190039162
Bedrooms
5
Bathrooms
4
Living Sq. Ft
49,050
Lot Size(Range)
1-3,999 SF
Lot Size(apprx.)
3,472
City
North Park
Neighborhood
Cherokee Point
School District
San Diego Unified School District
Property Type
Multifamily
Year Built
1942

Property Description

Beautifully maintained 4 unit property in Cherokee Point. Property consists of (3) 1 bedroom, 1 bath units and (1) 2 bedroom, 1 bath, a 2 car garage and a 1 car garage and 2 additional parking spots. Units to be sold in conjunction with MLS#190039160 (a 3 bedroom 1.5 bath home listed at $600,00). On record they are two separate parcel numbers, but real make-up of property is 5 units. Each parcel can be financed separately to avoid commercial financing. Property is located within an "opportunity zone".

Additional Information

Cooling
N/K
Frontage
N/K
Gross Rent Multiplier Actual
24
Gross Rent Multiplier Project
16
Gross Scheduled Income Actual
45240
Heat Equipment
Wall/Gravity
Heat Source
Natural Gas
Living Area
49,050
Lot Size
3,472
Lot Size Range
1-3,999 SF
Neighborhood
Cherokee Point
Roof
Composition, Tile/Clay
Stories
2 Story
Style
Res Income 2-4 Units
Tenant Pays
Electricity
View
Evening Lights
Year Built
1942

Room Dimensions

Supplement
"Opportunity zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged."

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker West

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