NOT LISTED FOR SALE

4640-42 Lotus St San Diego, CA 92107

Ocean Beach Neighborhood

Estimated Value: $1,081,000 - $1,378,000

2 Beds
2 Baths
768 Sq Ft
$1,558/Sq Ft Est. Value

Last Sold January 27, 2021

Last sale price $748,000 $974 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,007/month

135 Days on Market

Highlights

  • Property is Fully Fenced
  • Level Lot
  • West of 5 Freeway
  • Ocean Beach Elementary School Rated A
  • Wood Siding
  • 1-Story Property

About This Home

As of January 2021

Large price reduction on two classic Ocean Beach cottages on a quiet street walking distance to beach and shops!! Off street parking in alley for each unit. They both have nice hardwood floors and eat-in kitchens along with separate patio/decks. Bread and butter units always rented at top rents. Best deal in OB. Great starter investment in a super location. Take advantage of these low interest rates and you can own in the beach area! HURRY THIS ONE SHOULD SELL FAST NOW OWNER MOTIVATED!

Last Agent to Sell the Property

Kirk Williams

Century 21 Masters License #01082537 Listed on: 08/16/2020

Century 21 Masters

Last Buyer's Agent

Numan Stotz

Numan Stotz Real Estate License #01759803

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,784

Year Built

  • Built in 1949

Lot Details

  • Property is Fully Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 448-552-18-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,784

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Ebers
  • Neighborhood: Ocean Beach
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1949
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: OCEAN BEACH

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-2 Minor
  • Assessor Parcel Number: 448-552-18-00
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Map Code Column: A
  • Map Code Page: 1258
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Gross Sched Income Actual: 43200
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2020
Closed on
Jan 22, 2021
Sold by
Boardman Merrily and The Mills Trust
Bought by
Ambert John Michael
Seller's Agent
Kirk Williams
Century 21 Masters
Buyer's Agent
Numan Stotz
Numan Stotz Real Estate
List Price
$795,000
Sold Price
$748,000
Premium/Discount to List
-$47,000
-5.91%
Current Estimated Value
$1,130,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,967
Avg. Annual Appreciation
9.85%
Original Mortgage
$598,400
Outstanding Balance
$537,372
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$608,576

Purchase Details

Listed on
Feb 10, 2015
Closed on
Apr 7, 2015
Sold by
Slavin Robert T and Slavin Eulogia M
Bought by
The Mills Trust
Seller's Agent
Cecil Shuffler
Willis Allen Real Estate
Buyer's Agent
Kirk Williams
Century 21 Masters
List Price
$649,000
Sold Price
$575,000
Premium/Discount to List
-$74,000
-11.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%

Purchase Details

Closed on
Sep 29, 2000
Sold by
Christina Kibbe Christopher D
Bought by
Slavin Robert T and Slavin Eulogia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,000
Interest Rate
7.89%

Purchase Details

Closed on
Jan 12, 1994
Sold by
Plikaytis Peter W
Bought by
Kibbe Christopher D and Gessen Kibbe Christina Von

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7%

Purchase Details

Closed on
Aug 30, 1993
Sold by
Plikaytis Anice M
Bought by
Plikaytis Peter W
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ambert John Michael $748,000 Fidelity Natl Ttl San Diego
The Mills Trust $575,000 Chicago Title Company
Slavin Robert T $268,000 --
Kibbe Christopher D -- Commonwealth Land Title Ins
Plikaytis Peter W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambert John Michael $598,400
Previous Owner Slavin Robert T $199,500
Previous Owner Slavin Robert T $201,000
Previous Owner Kibbe Christopher D $80,000
Closed Kibbe Christopher D $49,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2021 01/27/21 Sold $748,000 -0.1% $974 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
12/16/2020 12/16/20 Price Changed $749,000 -5.8% $975 / Sq Ft
10/04/2020 10/04/20 For Sale $795,000 0.0% $1,035 / Sq Ft
09/19/2020 09/19/20 Pending -- -- --
09/03/2020 09/03/20 Price Changed $795,000 -4.1% $1,035 / Sq Ft
08/16/2020 08/16/20 For Sale $829,000 +44.2% $1,079 / Sq Ft
04/14/2015 04/14/15 Sold $575,000 -11.4% $749 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
01/22/2015 01/22/15 For Sale $649,000 -- $845 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,784 $809,654 $697,011 $112,643
2024 $9,784 $793,780 $683,345 $110,435
2023 $9,568 $778,217 $669,947 $108,270
2022 $9,314 $762,959 $656,811 $106,148
2021 $7,900 $638,429 $549,606 $88,823
2020 $7,804 $631,884 $543,971 $87,913
2019 $7,665 $619,495 $533,305 $86,190
2018 $7,167 $607,349 $522,849 $84,500
2017 $80 $595,442 $512,598 $82,844
2016 $6,885 $583,768 $502,548 $81,220
2015 $3,894 $335,998 $280,008 $55,990
2014 -- $329,418 $274,524 $54,894
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kirk Williams

    Century 21 Masters

    (619) 995-8184

    2 in this area

    18 Total Sales

    Section Image
  • Numan Stotz

    Buyer's Agent in 2021

    Numan Stotz

    Numan Stotz Real Estate

    (619) 300-5026

    5 in this area

    21 Total Sales

    Section Image
  • Cecil Shuffler

    Seller's Agent in 2015

    Cecil Shuffler

    Willis Allen

    (619) 980-3441

    16 Total Sales

    Section Image
  • Carter Shuffler

    Seller Co-Listing Agent in 2015

    Carter Shuffler

    Willis Allen

    (619) 884-9275

    16 Total Sales

    Section Image
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Map

Source: San Diego MLS

MLS Number: 200039505

San Diego MLS

APN: 448-552-18

California San Diego County San Diego 92107 Ocean Beach

4640-42 Lotus St, San Diego, CA

This home is located at 4640-42 Lotus St, San Diego, CA 92107 since 16 August 2020 and is currently estimated at $1,196,662, approximately $1,558 per square foot. This property was built in 1949. 4640-42 Lotus St is a home located in San Diego County with nearby schools including Ocean Beach Elementary School, Richard Henry Dana Middle School, and Correia Middle School.

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