3996 Teak St, San Diego, CA 92113

$250K Tax Credits Available - Develop ADUs. Maximize Returns. Mitigate Risk. A one-of-a-kind 99 year ground lease opportunity in Center City awaits. Elevated Lot with a View: Build on a property that overlooks Mt. Hope Park and offers a stunning 7-mile view to Mt. Helix. Approved for 2 ADUs: Eight bedrooms already approved and ready for development. Huge Financial Upside: Tax-Free Capital Gains (Opp Zone), 100% Depreciation, and up to $250,000 in Federal Tax Credits. Low-Risk Model: Our ultra-long-term ground lease eliminates interest rate, refinancing, and debt maturity risks. Immediate Income: Lease includes an existing renovated 2BD/1BA main home and Jr. ADU. Available for Joint Venture or Ground Lease. Contact us today to learn more about this strategic investment. Build ADUs with Unprecedented Financial Advantages in an Opportunity Zone Unlock a prime development opportunity in a strategic Center City location. This unique ground lease offers a developer the chance to build two new ADUs (with eight bedrooms already approved) on an elevated lot with stunning 7-mile views toward Mt. Helix. Take advantage of a Tax-Free Capital Gains opportunity, 100% depreciation on construction, and up to $250,000 in federal tax credits. With a low 2.2% vacancy submarket and a desirable location overlooking Mt. Hope Park, this property is a proven asset. The existing renovated 2-bedroom, 1-bathroom main home and Jr. ADU are also included in the lease, providing immediate income potential. This ground lease model is designed to maximize your returns and mitigate risk. By eliminating debt maturity and refinancing risks, you can achieve better capital efficiency and more predictable, long-term returns.