$1,640,000
$1,650,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Christopher Sarver • Acre Investment Real Estate
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”