San Diego CA  home offered at $2,395,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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5073 Lotus Street
San Diego, California CA 92107
Sold For: $2,290,000
Listing ID: 220024897SD
Status: Closed
Sold Date: 1/26/2023
Subdivision: San Diego
Year Built: 1951

*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.

Primary Features

County: San Diego
Price Reduction Date: 2022-11-04T22:31:07+00:00
Property Type: Residential Income
Subdivision: San Diego
Year Built: 1951
Zoning: R-4

Interior

Cooling: yes
Cooling Type: Central Air
Levels: Two
Number With Dishwasher: 4
Number With Patio: 4
Number With Range: 4
Number With Refrigerator: 4
Stories Total: 2

External

Number Of Buildings: 2

Location

Country: US
MLS Area Major: 92107 - Ocean Beach
Neighborhood: Ocean Beach
Street Number: 79
Subdivision Name Other: San Diego

Additional

Days On Market: 70
List Agent State License: 01886309
Number Of Units Total: 4
Parcel Number: 4481330300
Senior Community: no

Financial

Cap Rate: 4.61
Gross Scheduled Income: 146400
Net Operating Income: 105511
Tenant Pays: Electricity, Gas

Zoning Info


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Listed by: ChristopherSarver, DRE #01886309 from Acre Investment Real Estate

Contact - Listing ID 220024897SD

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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