4883-4887 Lotus St
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4883-4887 Lotus St
3 Unit Apartment Building $2,100,000 ($700,000/Unit) 6% Cap Rate San Diego, CA 92107
Investment Highlights
- FEW BLOCK FROM OCEAN,DETACHED REMODELED HOUSE. 2 OTHER UNITS SEPARATE AND DETACHED GARAGE.
Executive Summary
**OPEN HOUSE Saturday and SUNDAY 2-4** REDUCED TO SELL! The 3 unit remodeled complex and Detached garage Situated within walking distance to beaches Shopping, Dining and public transportation. The property consists of a detached 3 bed/1 bath in the front with it's own driveway can fit 3 cars!, Yard and Laundry. The other structure in the rear:1Bed/1bath down with it's own yard and 1bed/1bath upstairs with a city view. Additionally the detached garage off the alley could be converted to an ADU for more income. Furnishing can be purchased. All CURRENTLY AirBNB.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,100,000 | Apartment Style | Garden |
| Price Per Unit | $700,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6% | Building Size | 2,259 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Price | $2,100,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,259 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
Unit Amenities
- Balcony
- Washer/Dryer
- Bay Window
- Ceiling Fans
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 595 - 650 |
| 3+1 | 1 | - | 1,100 - 1,104 |
1 of 1
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 448-332-02 | Improvements Assessment | $270,504 (2024) |
| Land Assessment | $1,352,520 (2024) | Total Assessment | $1,623,024 (2024) |
PROPERTY TAXES
Parcel Number
448-332-02
Land Assessment
$1,352,520 (2024)
Improvements Assessment
$270,504 (2024)
Total Assessment
$1,623,024 (2024)
zoning
| Zoning Code | RM-2-4 (R-4) |
| RM-2-4 (R-4) |
-
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4883-4887 Lotus St
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