About 3996 Teak Street
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.
Features of 3996 Teak Street
| MLS® # | 25572115 |
|---|---|
| Price | $10,000 |
| Bedrooms | 3 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,368 |
| Acres | 0.15 |
| Year Built | 1949 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 3996 Teak Street |
|---|---|
| Area | 92113 - Logan Heights |
| City | San Diego |
| County | San Diego |
| State | CA |
| Zip Code | 92113 |
Listing Map
Amenities
| Amenities | Tennis Court(s), Paddle Tennis |
|---|---|
| Parking Spaces | 3 |
| Parking | Driveway Down Slope From Street, On Street, Off Site, Public |
| # of Garages | 1 |
| Garages | Driveway Down Slope From Street, On Street, Off Site, Public |
| View | City Lights, Park/Greenbelt, Mountain(s), Panoramic, Trees/Woods, Pasture |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Fenced |
Interior
| Interior Features | Separate/Formal Dining Room |
|---|---|
| Appliances | Dishwasher, Gas Oven, Gas Range, Microwave, Oven |
| Heating | Central |
| Cooling | Electric |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | July 30th, 2025 |
|---|---|
| Days on Market | 3 |
| Zoning | RM-1-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Steven Prescott |
|---|---|
| Office | Rising Tide Real Estate Inc. |