5073 Lotus Street

San Diego, CA 92107

$2,290,000
Last Sold Price
5
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Significant Price Reduction We are pleased to present the Lotus Street Apartments, a fully renovated four unit offering located two blocks from the sand in the coastal neighborhood of Ocean Beach San Diego. This property is comprised of a 2 bed/ 1 bath unit, three 1 bed/ 1 bath units and four garages situated on a 5,009 square foot lot. Renovated in 2022, upgrades include high end cabinetry, central A/C and heating in each unit, LVP flooring, new appliances, upgraded electrical, tankless water heaters,...Significant Price Reduction We are pleased to present the Lotus Street Apartments, a fully renovated four unit offering located two blocks from the sand in the coastal neighborhood of Ocean Beach San Diego. This property is comprised of a 2 bed/ 1 bath unit, three 1 bed/ 1 bath units and four garages situated on a 5,009 square foot lot. Renovated in 2022, upgrades include high end cabinetry, central A/C and heating in each unit, LVP flooring, new appliances, upgraded electrical, tankless water heaters, roofs, plumbing and more. In addition, current rents are strong generating $12K+ month. This offering is ideal for the investor seeking a low maintenance, fully renovated asset in an irreplaceable Southern California location two blocks from the Ocean.
  1. Listed by Christopher Sarver • DRE #01886309 • Brokerage DRE #01346887 • Acre Investment Real Estate

Property Details for 5073 Lotus Street

Zoning
R-4
Cross Streets
Abbott
Source Living Area
Other
Area
Ocean Beach (OCB)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
448-133-03-00

Location

Listing Courtesy of Acre Investment Real Estate, Christopher Sarver, DRE #01886309

Sold By Berkshire Hathaway HomeService, Eric Eaton, DRE #01741033

Add your commute
LISTING UPDATED: 02/07/2023 02:57 PM

Property Details for 5073 Lotus Street

StatusSold
MLS #220024897SD
Days on Market70
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Acre Investment Real Estate, Christopher Sarver, DRE #01886309

Sold By Berkshire Hathaway HomeService, Eric Eaton, DRE #01741033

Add your commute

Building Information for 5073 Lotus Street

Stories2Residences-Year Built1951Building Size-Lot Size-

Payment Calculator

$12,970 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,497

Property Taxes

$473

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5073 Lotus Street

Community / Development
Community / Development
  • Complex Name: NA
  • Number Of Units: 4
  • Builders Tract Name: Ocean Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: Other
Contract Info
Contract Info
  • Financing: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $105,511.00
  • Gross Scheduled Income: $146,400
  • Cap Rate: 4.61%
  • Gross Rent Multiplier: $15.64
  • Other Income1: $.00
  • Total Annual Expense: 36497
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Central Forced Air
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Other
  • Fence: Other
Lease Terms
Lease Terms
  • Listing Terms: Other
  • Tenant Pays: Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1

Property History for 5073 Lotus Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5073 Lotus Street

Taxable ValueLand$320,532Additions$170,946Total$491,478
Tax Record2017$5,675 ($473 / month)
Home Facts
Beds4Above Grade Finished SqFt2,176 SqFtLot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1951Year Renovated1951ZoningR4CountySAN DIEGOAPN4481330300

Schools near 5073 Lotus Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Ocean Beach Elementary School
PublicK to 4

Dana
Public5 to 6

Correia Middle School
Public7 to 8

Point Loma High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Acre Investment Real Estate, Christopher Sarver, DRE #01886309

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