3702 Lotus Drive
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3702 Lotus Drive

D

San Diego, CA 92106

$1,675,000
NEW — 3d

Beds

4

Baths

3

Sqft

2,410

Year Built

1929

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013594SD

This property is in San Diego (92106). View neighborhood stats →

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About This Property

Among Point Loma's most cherished architectural traditions, period Spanish Revival stands apart for its character, craftsmanship, and enduring appeal. Just around the corner from Plumosa Park, this stately 1929 Spanish Revival offers a rare opportunity to restore and reimagine a neighborhood classic. Original hardwood floors, beamed ceilings in the entry foyer and living room, original built-ins, extensive period tilework throughout all three bathrooms, the fireplace surround and exterior architectural detailing, along with a charming speakeasy front door, reflect the beauty and authenticity of the era. A dramatic picture window overlooks the front porch and frames the living room fireplace beyond, while a mature magnolia tree and original curved, pink-tinted concrete walkway welcome visitors to the home. The versatile floorplan offers two primary suites, including one on the main level and a private upstairs retreat with a covered balcony and peek views of the downtown San Diego skyline. A formal dining room can easily serve as a family room, while the generous kitchen footprint, adjacent breakfast room with original built-ins, and convenient side entrance provide exceptional potential for modern living. A basement, detached three-car garage with drive-through capability, and both driveway and alley access offer functionality rarely found in homes of this vintage. Surrounded by notable architecture and many historically designated homes, this special property offers an exceptional foundation for thoughtful restoration in one of Point Loma's most beloved neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$10,633

Principal & Interest$8,470
Property Tax$1,675
Insurance$489
%($335,000)
%

Location

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Investment Score

7D
Est. Monthly Rent
$5,863
Monthly Cashflow

Rent − PITIA

$-4,771
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,515

Mortgage (P+I)
$8,470
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$15,623

NOI (Annual)
$11,456
Price-to-Rent

Lower = better for investors

23.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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