UPDATED:
03/06/2025 03:05 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,419 sqft
Price per Sqft $1,318
Subdivision Mission Hills
MLS Listing ID OC25048282
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1938
Lot Size 5,000 Sqft
Property Sub-Type Single Family Residence
Property Description
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 entrance—ideal 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 property's central location ensures consistent demand from vacationers year-round.
Why This Property?
This home is more than just a residence—it's 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 won't find another deal like this anywhere.
Location
State CA
County San Diego
Area 92103 - Mission Hills
Zoning RM-2-5
Rooms
Main Level Bedrooms 5
Interior
Interior Features Bedroom on Main Level, Walk-In Closet(s)
Heating Combination, Natural Gas, Zoned
Cooling Central Air
Flooring Stone, Tile, Wood
Fireplaces Type Family Room, Outside
Fireplace Yes
Laundry Laundry Room
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool Private
Community Features Curbs
View Y/N Yes
View Back Bay
Porch Deck, Patio
Attached Garage Yes
Total Parking Spaces 2
Private Pool Yes
Building
Lot Description Back Yard, Front Yard
Dwelling Type House
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories Two
New Construction No
Schools
School District San Diego Unified
Others
Senior Community No
Tax ID 4516120200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Lease Land No
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Jason Lopez
CA Broker of Record | License ID: 01180851
CA Broker of Record License ID: 01180851