San Diego, CA 92107,5073 79 Lotus Street
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San Diego, CA 92107,5073 79 Lotus Street
San Diego, CA 92107,5073 79 Lotus Street
San Diego, CA 92107,5073 79 Lotus Street
San Diego, CA 92107,5073 79 Lotus Street

$1,640,000

Est. payment /mo

$1,650,000

0.6%
Est.Price: ?

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5073 79 Lotus Street San Diego, CA 92107

SOLD DATE : 09/21/2021

Key Details

Sold Price $1,640,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Ocean Beach

MLS Listing ID 210025212

Sold Date 09/21/21

HOA Y/N No

Year Built 1951

Property Description

5073-79 Lotus Street is a rare coastal four unit offering located just two blocks from the sand in Ocean Beach. 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. The property features a common area courtyard, newer dual pane windows and roll up garage doors for easier tenant access. The potential buyer will have the opportunity to immediately increase rents or convert some or all of the units to vacation rentals to maximize rental income. In addition, the four garages located in the rear duplex could possibly be converted to ADUs for additional units/income. With continued upward pressure in rents and this asset’s close proximity to the beach, Downtown San Diego and the airport, one should expect solid returns for many years to come. Number of Furnished Units: 0

Location

State CA

County San Diego

Area 92107 - Ocean Beach

Building/Complex Name Ocean Beach

Zoning R-4

Interior

Cooling None

Fireplace No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4481330300

Financing Cash

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California Regional MLS (CRMLS)
Listed by Christopher Sarver • Acre Investment Real Estate
Bought with Christopher Sarver • Acre Investment Real Estate

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

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