What is a 1031 exchange?

A 1031 Exchange allows owners to defer the capital gains accrued from the sale of an investment property by transferring their profits to a new “like-kind” property. Owners have 45 days from the sale to identify no more than 3 “like-kind” properties, and then an additional 135 days to close on at least one (180 days after relinquished property sale). Fortunately for investors, the “like-kind” designation applied by the IRS is a misnomer; any real estate can be swapped for other real estate, as long as it is held for investment purposes. For example, a rental property in Laguna Beach can be swapped for a cattle ranch in Montana, provided it meets the IRS guidelines. Read More

32 Pienza | Susan Chase | California Real Estate Agent

Features & Amenities

Area & Lot

Status: Sold
Living Space: 2,379 Sq.Ft.
Lot Size: 0.17 Acres
Type: Residential
Year Built: 1992

Interior

Total Bedrooms: 3
Total Bathrooms: 2.5
Full Bathrooms: 2
Half Bathrooms: 1

Exterior & Building

Garage Space: 2

Financial

Sales Price: $1,300,000

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32 Pienza