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5025 Lotus St

San Diego, CA 92107
  • $1,790,000
  • STATUS: ACTIVE
  • ON SITE: 19 Days
  • ID#: 240010352
UPDATED: 100 min ago
$1,790,000
  • 3
    BEDS
  • 0.12
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:

School Ratings & Info

Description

Ocean Beach Triplex with AMPLE parking. This 3 unit property is located just 1 block from the water and positioned to become your dream rental property. Situated on just over 5,000 sq ft there is a lot to work with. This beautifully maintained property is ready to become yours with little to no upgrades needed at all. Looking for additional cash flow opportunities? Check out the Feasibility study attached for converting the garage into an additional unit via the ADU regulations here in San Diego. Not only create the income but still have parking available for all your units on site. Seeking even higher returns? Grab one of the 800+ Short Term Rental permits availabe and create even greater cash flow here in Coastal San Diego. Pride of ownership abounds throughout the property and getting a Tri-plex like this is a once in a blue moon opportunity! Don't miss out!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150415379
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5025 Lotus St San Diego, CA 92107

  • Price: $1,790,000
  • Status: ACTIVE
  • On Site: 19 Days
  • Updated: 100 min ago
  • ID#: 240010352
3
Beds
3
Baths
0
½ Baths
0.12
Acres
1945
Built
Neighborhood:
Ocean Beach
County:
San Diego
Area:
Ocean Beach (92107)
Property Description
Ocean Beach Triplex with AMPLE parking. This 3 unit property is located just 1 block from the water and positioned to become your dream rental property. Situated on just over 5,000 sq ft there is a lot to work with. This beautifully maintained property is ready to become yours with little to no upgrades needed at all. Looking for additional cash flow opportunities? Check out the Feasibility study attached for converting the garage into an additional unit via the ADU regulations here in San Diego. Not only create the income but still have parking available for all your units on site. Seeking even higher returns? Grab one of the 800+ Short Term Rental permits availabe and create even greater cash flow here in Coastal San Diego. Pride of ownership abounds throughout the property and getting a Tri-plex like this is a once in a blue moon opportunity! Don't miss out!
Exterior Features

Exterior Wood/Stucco Fencing Full Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Units With Garages 1 Units With Patios 1

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 1 Units With Dryers 2 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 2

Property Features

Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association of REALTORS (SDAR) Buildings 3 Cfd Mello Roos Fee 0.0 Community OCEAN BEACH Complex Park N Cross Streets Bacon Gross Rent Multiplier Actual 0.0 Gross Scheduled Income Actual 92940 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TVElectricityGas/PropaneSewerWater Terms CashConventionalVA Unit Number For Unit1 5025 Unit Number For Unit2 5025 1/2 Unit Number For Unit3 5025 1/2A Unit1 Deposit 1600 Unit1 Occupied Tenant Unit1 Projected Rent 3600.0 Unit1 Rent Actual 2600.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2950.0 Unit2 Rent Actual 2150.0 Unit3 Deposit 3495 Unit3 Occupied Tenant Unit3 Projected Rent 3100 Unit3 Rent Actual 2995.0 Zoning R-4:MULTIP

San Diego MLS logo Listing provided courtesy of Andrew Greer of Real Broker: 858-703-7361. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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