5123 Lotus St, San Diego, California 92107, San Diego, 92107 - 1 bed, 1 bath
ACTIVE$950,000$384/sqft
5123 Lotus St, San Diego, California 92107
1Bed
1Bath
384Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Ocean Beach Elementary School (10/10).
Top Cons:
Extremely Limited Interior Space: With only 384 square feet, 1 bedroom, and 1 bathroom, the interior living area is very small, which may not accommodate all buyer needs or preferences.
Compared to the nearby listings
Price:$950.0K vs avg $1.90M ($-950,000)1%
Size:384 sqft vs avg 1,991 sqft1%
Price/sqft:$2.5K vs avg $97699%
More Insights
Built in 1937 (89 years old).
Condition: Built in 1937, this property is well-maintained and functional, with some updated appliances (refrigerator, range) and a mini-split AC unit. However, the extensive wood paneling throughout the kitchen, living areas, bedroom, and bathroom, along with the older style cabinetry and fixtures, gives the home a rustic and dated aesthetic. While clean and move-in ready, the overall style and components show signs of being outdated, suggesting it was renovated more than 15-30 years ago or has only received occasional updates rather than a comprehensive modern renovation.
Year Built
1937
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$2,474
HOA
-
Days on market
-
Sold On
-
MLS number
2600020SD
Home ConditionFair
Features
Good View:
Deck
Patio
View
About this home
Just around the corner from the surf and Dog Beach, this OB Beach Bungalow is made for sun-seekers and dog lovers alike. With a private backyard, detached garage, and all the charm of coastal living, it’s the perfect spot to surf at sunrise, stroll to local restaurants & bars, and soak up the laid-back Ocean Beach lifestyle every day. Don't let the size fool you, this spacious lot has great outdoor space and parking for 2. Possibility to expand, add ADU or redevelop in the future. Active STR/VRBO/AirBnB. Can be used as a primary home, vacation home or an investment.
K
Krystal Lane
Listing Agent
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
Price History
Date
Event
Price
08/12/24
Sold
$885,000
01/25/16
Sold
$405,000
08/11/06
Sold
$375,000
Condition Rating
Fair
Built in 1937, this property is well-maintained and functional, with some updated appliances (refrigerator, range) and a mini-split AC unit. However, the extensive wood paneling throughout the kitchen, living areas, bedroom, and bathroom, along with the older style cabinetry and fixtures, gives the home a rustic and dated aesthetic. While clean and move-in ready, the overall style and components show signs of being outdated, suggesting it was renovated more than 15-30 years ago or has only received occasional updates rather than a comprehensive modern renovation.
Pros & Cons
Pros
Great Schools: Elementary School: Ocean Beach Elementary School (10/10).
Exceptional Coastal Location: Situated just around the corner from the surf and Dog Beach, offering immediate access to coastal activities and a vibrant local scene with restaurants and bars.
Significant Investment & Income Potential: Currently an active STR/VRBO/AirBnB, providing immediate income generation potential and flexibility for use as a primary home, vacation rental, or long-term investment.
Future Development Opportunities: The spacious lot offers the possibility to expand the existing structure, add an Accessory Dwelling Unit (ADU), or redevelop the property entirely, enhancing long-term value.
Desirable Outdoor Living & Parking: Features a private backyard, a detached garage, and parking for two vehicles, which are highly sought-after amenities in a dense beach community.
Charming Beach Bungalow Appeal: Embodies the quintessential laid-back Ocean Beach lifestyle, appealing to buyers seeking a charming coastal experience and community.
Cons
Extremely Limited Interior Space: With only 384 square feet, 1 bedroom, and 1 bathroom, the interior living area is very small, which may not accommodate all buyer needs or preferences.
Advanced Age of Structure: Built in 1937, the property is quite old, potentially indicating a need for significant updates to systems, infrastructure, or ongoing maintenance to meet modern standards.
High Price-to-Square-Footage Ratio: The list price of $950,000 for a property with such a small interior footprint represents a very high price per square foot, which could be a barrier for some buyers despite the prime location and development potential.