1031 Investment Strategy in California

1031 Investment Strategy in California, How to Maximize your dollar, get returns, and be in compliance with CA Tenant Protection Acts and Legislation.

This 4 unit property is under going renovation and is propositioning the city for historic designation and Mills Act Review. The Mills Act is a streamlined service for historic properties here in San Diego. Contact us to learn more.

Developed in 1926, this property was designed as housing for returning soldiers battling in WWI & WWII. Many local news articles providing names of service members and their families were uncovered in local papers printed at the time by our historic experts. This style of housing is classified as a Bungalow Court, a common architecture style in 1920's French and French American culture (think New Orleans). These homes were built by San Diegan, Nelson Nesbit.

Why is this important to know for an investor or 1031 exchange process? Because with historic designation, not only will this property be preserved, it may also qualify for up to 80% tax deductions for an investor who chooses to follow this route. Using one home as a primary, one home as a standard rental, one home as a short term rental, and one home as an office can create enough profit to bring the homes back to their 1926 glory and create housing options for our community. This property has been in renovation and repair mode for over a year, one project at a time, and is slowly starting to show her beauty.

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