NOT LISTED FOR SALE

4646 Lotus St San Diego, CA 92107

Ocean Beach Neighborhood
3 Beds
2 Baths
1,400 Sq Ft
2,500 Sq Ft Lot

Last Sold January 27, 2015

Last sale price $560,000 $400 Per Sq Ft

72 Days on Market

Highlights

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

About This Home

As of January 2015

This is a great opportunity to own a valuable 2 on 1 property in lower Ocean Beach. The two units are completely detached offering private entries and yards for both units. The front unit which is a 2 bed/ 1 bath and the back unit which is a 1 bed/ 1 bath, have both been upgraded in the last year by the owner with new counter tops, new flooring, new paint, appliances and more. This is a great property for an investor to earn solid income OR for a homeowner to live in one and rent the other.

Last Agent to Sell the Property

Brandon Loftus

LOF Realty License #01891776 Listed on: 10/09/2014

Last Buyer's Agent

Terry Moore

ACI Apartments License #00918512

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 2,500 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

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 sewer, water, cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 448-552-19-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $5,550

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Froude
  • Neighborhood: Ocean Beach
  • LP / Sq Ft: 21.87
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1953
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • 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
  • Manager Name: Owner

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Irrigation: Manual, Sprinklers
  • Lot Size: 1-3,999 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 448-552-19-00
  • Land Use Code: 2
  • Estimated Lot Sq Ft: 2500
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Map Code Column: A
  • Map Code Page: 1268
  • Map Code Row: 5

Rental Info

  • Tenant Pays: Sewer, Water, Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 5550
  • Annual Expense Actual: 9000
  • Annual Expense Projected: 12000
  • Gross Rent Multiplier Actual: 40.0
  • Gross Rent Multiplier Projected: 15.19
  • Gross Sched Income Actual: 15540
  • Gross Sched Income Projected: 39480
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2015 01/27/15 Sold $560,000 -13.2% $400 / Sq Ft
12/20/2014 12/20/14 Pending -- -- --
10/09/2014 10/09/14 For Sale $645,000 +31.4% $461 / Sq Ft
06/18/2013 06/18/13 Sold $491,000 -12.2% $371 / Sq Ft
05/02/2013 05/02/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $559,000 -- $422 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brandon Loftus

    Seller's Agent in 2015

    Brandon Loftus

    LOF Realty

    (619) 402-4691

    1 in this area

    16 Total Sales

    Section Image
  • Terry Moore

    Buyer's Agent in 2015

    Terry Moore

    ACI Apartments

    (619) 889-1031

    53 Total Sales

    Section Image

  • A

    Seller's Agent in 2013

    Anna Nevares

    Anna Nevares, Broker

    Section Image
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Map

Source: San Diego MLS

MLS Number: 140055231

San Diego MLS

APN: 448-552-19-00

California San Diego County San Diego 92107 Ocean Beach

4646 Lotus St, San Diego, CA

This home is located at 4646 Lotus St, San Diego, CA 92107 since 09 October 2014. This property was built in 1953. 4646 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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