324 Willie James Jones Ave
San Diego, CA 92102
Multifamily Property For Sale · 2 Units

Opportunity knocks with this great investment property! Situated on a 8085 sq ft lot with 2 detached homes each featuring 3 beds, 1 bath, 902 sq feet exclusive back yards, laundry in each unit and so much more! Newly remolded in 2017 this property is an investors dream. Currently Zoned RM-2-5 and can build additional units. https://opzones.ca.gov/oz-map/ 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.