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5025 Lotus St San Diego, CA 92107
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Key Details
Sold Price $1,660,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 240010352
Sold Date 09/09/24
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1945
Lot Size 5,007 Sqft
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!
Location
State CA
County San Diego
Community Ocean Beach
Area Ocean Beach (92107)
Building/Complex Name N
Zoning R-4:MULTIP
Interior
Cooling Other/Remarks
Fireplaces Number 1
Exterior
Exterior Feature Wood/Stucco
Garage Spaces 1.0
Fence Full
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, VA
Space Rent $2,600
Listing Terms Cash, Conventional, VA
Financing Cash
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Bought with Matt May • Keller Williams La Jolla
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