0 Melrose San Diego, 92114

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Virtual Tour of 0 Melrose , San Diego 92114

Property Description

CALLING ALL DEVELOPERS! This awesome 60,112 square foot (1.37 Acres) parcel with Views to the Bay and Coronado Bridge is full of Opportunity! Situated in beautiful Emerald Hills in a cul-de-sac, a true developers dream come true! Owner started the process to develop up to 15 SINGLE Family Homes + ADU's! This is NOT RAW Land as Owner has began process for: Soils, Civil Engineering Prelim Work & Developmental. If you have the time, there is money to be made with this deal! 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. 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 0QOF 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. Frontage: Open Space

General Information

Price:
$999,000
Status:
Active
Listing Updated:
10/19/2021
List Date:
10/12/2021
Close Date
Square Feet:
{SquareFeet}
Bedrooms:
{Beds}
Bathrooms:
{Bathrooms}
Garage Spaces:
{GarageSpaces}
Year Built:
{YearBuilt}
City:
San Diego
Zip:
92114
County:
San Diego
MLS ID:
210028652
Listing Broker:
Lepe Tendwell Properties
Listing Agent:
Voltaire Lepe
CalBRE#:
01422464

Home Features

Interior Features:
{InteriorFeatures}
Exterior Features:
{ExteriorFeatures}
Appliances:
Flooring:
{Floor}
Laundry:
{LaundryType}
Architectural Style:
Levels:
{Levels}
Fireplace Features:
{FireplaceFeatures}
Cooling:
{Cooling}
Heating:
{Heating}
Utilities:
Phone Available
Pool Type Features:
{PoolType}
Spa Features:
{Spa}
Construction Materials:
{Construction}
Roofing:
{Roof}
Water Source:
Sewage:
Accessibility Features:
{AccessibilityFeatures}

Community Information

MLS Area:
92114 - Encanto

Lot Information

Lot Size (sq feet):
60,112

Location Information

Directions:
Follow CA-94 E to Kelton Rd. Take exit 4B from CA-94 E, Follow Kelton Rd and Roswell St to Melrose Pl CrossStreet: Roswell