
San Diego, California 92107
This property presents a High-Potential Investment Opportunity with a List Price of $1,400,000—positioned well above the $1,253,593 Fair Market Value by -11%. Featuring a Condition Rating of 5, this RM-1-1 Zoned asset includes a permitted 400 sq. ft. ADU and is located near the 10/10 rated Ocean Beach Elementary. While the main residence requires modernization, the dual-unit configuration offers significant rental income potential. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4667 Lotus Street Subject 2 bd · 1 ba · 696 sqft · $1,801 | $1,300,000* List Price | 2 | 1 | 696 | $1,801 | - |
A 4979 Long Branch Avenue Sold 2 bd · 1 ba · 712 sqft · $1,615 · 0.4 mi | $1,150,000 | 2 | 1 | 712 | $1,615 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 (49 years old) and described as retaining its original character, the property falls into the >30-year category requiring rehab. Kitchens and bathrooms feature dated tile and cabinetry, and the 'as-is' sale status combined with original systems suggests a need for significant modernization.
Elementary School: Ocean Beach Elementary School (10/10).
The property features a legally permitted 400 sq. ft. garage-conversion ADU with its own address, alley access, and separate parking, offering excellent potential for rental income or guest accommodations.
Situated just steps from the beach in the heart of Ocean Beach, this home provides exceptional walkability to local restaurants, nightlife, and scenic coastal trails.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 696, other record living area = 1096. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 4.
The main residence is quite compact at only 696 sq. ft. and retains much of its original 1975 character, which may feel undersized or dated for modern buyer preferences.
The property is being sold in 'as-is' condition, implying that the buyer should budget for immediate repairs, modernization, or upgrades to the existing structures.
This unique property with two legally addressed residences offers a main home and a stand-alone 1-bedroom ADU, each with off-street parking and spacious outdoor areas. Enjoy the character and community of Ocean Beach while living in a quiet family-friendly neighborhood. Located just five blocks from the ocean and Dog Beach, three blocks from Collier Park and neighborhood garden spaces, and within walking distance of Newport Avenue, the heart of Ocean Beach. 4667 Lotus Street—Main Residence : features 2 bedrooms, 1 bathroom, walk-in closet, attached deck, and approximately 696 sq. ft., retaining much of its original 1975 character and charm. 4669 Lotus Street—Separate ADU: A legally permitted 1-bedroom ADU: offers approximately 400 sq. ft. of stand-alone living space, its own parking, yard space, storage, and alley access. Together, these two residences offer flexibility for extended family, guests, rental income, or additional living space. The property is being sold “as-is.” Home Inspection, title report, and building records are available in the documents. The property was approved for the Quieter Home Program, with improvements completed in accordance with the approved scope of work and applicable program guidelines, including upgrades designed to provide enhanced sound attenuation. Zoned RM-1-1, the property may offer potential future development opportunities. Buyer to independently verify zoning, development potential, permitted uses, square footage, Quieter Home Program improvements, addresses, and all property information. No representations by seller/listing agent.
No exterior & parking available.
Grades K-4 • 0.4 mi
Grades K-4 • 1.1 mi
Grades K-4 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 696 | 1,752.269 |
| Lot Size | 4,807 | 6,446.159 |
| Price | $1.30M | $1.27M |
| Price per sq ft | $1.9K | $736 |
| Built year | 1975 | 1971 |
| HOA | $0 | $186 |
| Days on market | 52 | 41 |
Oct 17, 2026
$1,300,000
$1,400,000
-7% Price Drop
Initial Listing
Sep 3, 2026
$1,400,000
Initial Listing