5 Beds
3 Baths
2,419 SqFt
5 Beds
3 Baths
2,419 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,419 sqft
Price per Sqft $1,318
Subdivision Mission Hills
MLS Listing ID OC25048282
Style Detached
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1938
Lot Size 5,001 Sqft
Acres 0.1148
Property Sub-Type Detached
Property Description
How often do you get an opportunity to have your cake and eat it too? Check out this one-of-a-kind opportunity to own a luxury resort in the middle of the city AND earn a hefty six figure income guaranteed. (new par) Turnkey Luxury Vacation Rental Villa with Guaranteed $300,000 Annual Gross Income Incredibly Rare Opportunity! Discover the ultimate investment in San Diego with this stunning 5-bedroom, 3-bath villa, already a top-performing licensed vacation rental. Nestled in the heart of the city, this property offers a seamless blend of luxury living and proven profitability, making it perfect for investors or those seeking a dream home with income and tax saving potential. Guaranteed Income: Keep the current management company and enjoy a guaranteed gross income of $300,000 per year for two years. The property comes fully furnished with high end decor, is licensed by the city of San Diego, and is designated as a Guest Favorite on Airbnb with average review score of 4.94/5.0 (https://www.airbnb.com/rooms/45786328). Luxury Features include: Heated pool and hot tub with waterfall, Stainless Steel Japanese soaking tub, Game room with pool table, arcade, skeeball, darts, and more, and top of the line furnishings throughout. Panoramic observation deck with breathtaking 230 degree views of downtown San Diego, the harbor, and beyond Separate Studio Apartment: Includes a kitchen, bath, and private entranceideal for added privacy or additional rental income (this unit is rented along with the main home, but can be used by owner as needed). Prime Location Located within walking distance to iconic attractions like Balboa Park, Little Italy, and the San Diego Zoo, and just minutes from beaches, downtown, and Coronado Island. This propertys central location ensures consistent demand from vacationers year-round. Why This Property? This home is more than just a residenceits a thriving business opportunity. With an established Airbnb presence and rave reviews (4.94/5 stars), it offers both luxury living and reliable cash flow. Based on the current P&L the property offers a 5.2% CAP Rate, among the strongest of any property currently listed in in San Diego. You will also enjoy tax benefits that come with accelerated depreciation on short term rental FF&E. Combine that with a 2-year revenue guarantee, and wont find another deal like this anywhere.
Location
State CA
County San Diego
Community Mission Hills
Area Mission Hills (92103)
Zoning RM-2-5
Interior
Heating Natural Gas
Cooling Central Forced Air
Flooring Stone, Tile, Wood
Fireplaces Type FP in Family Room, Patio/Outdoors
Laundry Laundry Room
Exterior
Garage Spaces 2.0
Pool Private
View Back Bay
Total Parking Spaces 2
Building
Lot Description Curbs
Story 2
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories 2 Story
Schools
Elementary Schools San Diego Unified School District
Middle Schools San Diego Unified School District
High Schools San Diego Unified School District
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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