3711-3719 35th St San Diego, CA 92104

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". "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."