5123 Lotus St, San Diego, California 92107, San Diego, 92107 - 1 bed, 1 bath
ACTIVE$950,000
5123 Lotus St, San Diego, California 92107
1Bed
1Bath
384Sqft
1,742.4Lot
Price Vs. Estimate
The estimated value ($882,756.9) is $67,243.1 (7%) lower than the list price ($950,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Ocean Beach Elementary School (10/10).
Top Cons:
Extremely Small Living Space: With only 384 square feet, 1 bedroom, and 1 bathroom, the current living space is exceptionally compact, potentially limiting buyer appeal.
Compared to the nearby listings
Price:$950.0K vs avg $1.81M ($-865,000)3%
Size:384 sqft vs avg 1,955 sqft1%
Price/sqft:$2.5K vs avg $98397%
More Insights
Built in 1937 (88 years old).
Condition: Built in 1937, this property is aged but appears well-maintained with some functional updates. The kitchen features dated wood paneling and cabinets, though some appliances (range, dishwasher, microwave) are newer. The bathroom shows more recent updates with subway tile and a vessel sink. A mini-split AC unit is a modern addition. While functional and suitable as a VRBO, the overall aesthetic is rustic and dated, requiring significant cosmetic updates, especially in the kitchen, to meet contemporary standards.
Year Built
1937
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$2,474
HOA
-
Days on market
-
Sold On
-
MLS number
250037676SD
Home ConditionFair
Features
Good View:
Deck
Patio
View
About this home
Welcome to your perfect Ocean Beach bungalow—just a short stroll to Dog Beach, neighborhood cafes, and the laid-back coastal lifestyle OB is famous for. With a private backyard, detached garage, and all the charming beach vibes, this detached home is currently enjoyed as a successful VRBO and is ideal as a vacation retreat, income property, or your own surfside escape. There is room to expand on this lot - zoned R-4.
Nearby schools
10/10
Ocean Beach Elementary School
Public,•K-4•0.6mi
9/10
Silver Gate Elementary School
Public,•K-4•1.4mi
9/10
Sunset View Elementary School
Public,•K-4•2.0mi
7/10
Crown Point Jr Music Academy
Public,•K-5•2.8mi
6/10
Correia Middle School
Public,•7-8•1.1mi
6/10
Dana
Public,•5-6•1.7mi
6/10
Pacific Beach Middle School
Public,•6-8•3.4mi
7/10
Point Loma High School
Public,•9-12•1.6mi
6/10
Mission Bay High School
Public,•9-12•3.6mi
Condition Rating
Fair
Built in 1937, this property is aged but appears well-maintained with some functional updates. The kitchen features dated wood paneling and cabinets, though some appliances (range, dishwasher, microwave) are newer. The bathroom shows more recent updates with subway tile and a vessel sink. A mini-split AC unit is a modern addition. While functional and suitable as a VRBO, the overall aesthetic is rustic and dated, requiring significant cosmetic updates, especially in the kitchen, to meet contemporary standards.
Pros & Cons
Pros
Great Schools: Elementary School: Ocean Beach Elementary School (10/10).
Exceptional Coastal Location: The property boasts a prime Ocean Beach location, offering a short stroll to Dog Beach, neighborhood cafes, and the quintessential laid-back coastal lifestyle.
Proven Income Generating Asset: Currently operating as a successful VRBO, this property presents a strong opportunity for immediate rental income or as a vacation retreat.
Development & Expansion Potential: Zoned R-4, the lot offers room to expand the existing structure, providing significant future value appreciation and customization options.
Desirable Detached Home Amenities: As a detached home, it includes a private backyard and a detached garage, enhancing privacy and practical utility in a sought-after area.
Highly-Rated Local Elementary School: Proximity to Ocean Beach Elementary School, which holds a top rating of 10, is a significant advantage for families.
Cons
Extremely Small Living Space: With only 384 square feet, 1 bedroom, and 1 bathroom, the current living space is exceptionally compact, potentially limiting buyer appeal.
Significant Price Discrepancy: The listing price of $950,000 is notably higher than the estimated property value of $852,347, suggesting a potential overvaluation in the current market.
Age of Property: Built in 1937, the home is quite old, which may necessitate significant updates to systems, infrastructure, or overall modernization to meet contemporary standards.