3996 Teak St
Logan Heights, CA 92113
- 3 beds
- 2 baths
- 1,368 sqft
- 6,600 sqft lot
- $727 per sqft
- 1949 build
- – on site
Incredible opportunity awaits with this charming two-story single-family home on a corner lot. Property is Zoned for Multifamily and Multiple Units can be built here. Property is also located in a Transit Priority zone with an Expedited Application Process and Reduced Fees. Originally constructed in 1949, this residence features a delightful layout with 3 bedrooms and 2 bathrooms. The upper level, accessible via the main entrance on Teak St, offers 2 bedrooms, 1 bath, a spacious remodeled kitchen, and an inviting dining and living area with gleaming hardwood floors. Step outside onto the expansive outdoor deck, perfect for hosting gatherings and enjoying outdoor leisure. Convenience is key with a single-car garage and tandem driveway parking available. The lower level, with a separate entrance on 40th St, presents an additional 1 bedroom and 1 bath, providing versatile options for extended family living or rental income potential. What sets this opportunity apart is the ability to build Multiple Multifamily Units or ADU's. Property is located in a Federal Opportunity Zone providing Capital Gains Tax Relief to Failed 1031 Exchange Investors, Capital Gains from Business Sales, Stock Sales, and many other Capital Gains from Business Investments. Lot size spans of 6,600 sq feet, and includes alley access. Property Located in Community Lending Program-Discount rates up to 1.5% based on qualifying terms-available through select lenders. Don't miss out on the chance to own a home with endless possibilities for expansion and income generation!
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Last updated Apr 12, 2024
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MLS# PTP2400817 —
This home is listed in more than one place. See it here.
Monthly cost estimate
Asking price
$995,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,327
|
| Taxes | N/A |
| Insurance | $273 |
| Utilities | $177 See report |
| Total | $5,777/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/13/24
Feb 13, 2024
|
Listed / Active | CRMLS_CA | $995,000 | 121.1% (31.2% / YR) |
|
3/27/20
Mar 27, 2020
|
CRMLS_CA | $450,000 | -6.3% | |
|
2/12/20
Feb 12, 2020
|
CRMLS_CA | $480,000 |
48% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $51k above asking price on average, but some went as high as $201k over asking price.