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.
For sale
Price cut: $1.5M (7/31)
$10,000
3996 Teak St, San Diego, CA 92113
3beds
1,368sqft
Est.:
Residential, Single Family Residence
Built in 1949
6,599.34 Square Feet Lot
$1,483,600 Zestimate®
$7/sqft
$-- HOA
What's special
- 3 days
- on Zillow |
- 1,182 |
- 45 |
Zillow last checked: 7 hours ago
Listing updated: August 02, 2025 at 12:26am
Listed by:
Steven Prescott DRE # 01495626 858-633-7156,
Rising Tide Real Estate Inc. 619-300-6945
Source: CLAW,MLS#: 25572115

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bonus Room, Guest-Maids Quarters, Living Room
Kitchen
- Features: Bar
Heating
- Central
Cooling
- Air Conditioning, Electric
Appliances
- Included: Built-In Gas, Gas/Electric Range, Microwave, Oven, Gas Oven, Dishwasher, Gas Water Heater
- Laundry: In Garage, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
Features
- Dining Area, Family Room
- Flooring: Vinyl Plank
- Has fireplace: No
- Fireplace features: None
- Furnished: Yes
Interior area
- Total structure area: 1,368
- Total interior livable area: 1,368 sqft
Property
Parking
- Total spaces: 3
- Parking features: Above Street Level, Public, On Street, Off Site
- Garage spaces: 1
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Balcony, Barbecue
- Pool features: Fenced
- Spa features: None
- Has view: Yes
- View description: Park/Greenbelt, Trees/Woods, Pasture, Panoramic, Mountain(s), City
Lot
- Size: 6,599.34 Square Feet
- Features: Redevelopment Area, Greenbelt, Canyon, Park Nearby, Preserve/Public Land
Details
- Additional structures: Cabana, Attached Guest House
- Parcel number: 5463301300
- On leased land: Yes
- Lease amount: $10,000
- Land lease expiration date: 3647289600000
- Zoning: RM-1-1
- Special conditions: Standard
- Other equipment: Cable
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farm House
- Property subtype: Residential, Single Family Residence
Materials
- Roof: Asphalt
Condition
- Updated/Remodeled
- Year built: 1949
Utilities & green energy
- Sewer: In Connected and Paid
- Water: In Street
Community & HOA
Community
- Security: Security System Owned, Alarm System
HOA
- Has HOA: No
- Amenities included: Assoc Barbecue, Basketball Court, Tennis Court(s), Paddle Tennis
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $7/sqft
- Tax assessed value: $482,489
- Annual tax amount: $5,960
- Date on market: 7/31/2025
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