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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.
Address |
3243 Columbia Street
San Diego, CA 92103 |
Listing Status | ACTIVE |
Asking Price | $3,190,000 |
Original Listing | $3,190,000 @ 2025-03-05 |
Terms | Cash,Conventional |
Property Type | RESIDENTIAL |
Sales Restrictions | Standard |
Mello-Roos Fee | $0 per Year |
HOA Fee | $0 |
Square Footage | 2419 sf |
Flooring | Stone, Tile, Wood |
Bedrooms | 5 |
Full Bathrooms | 3 |
Directions | Laurel to Sassafras St (north) to Columbia St (east) Cross Street: Sassafras. |
Community Area | MISSION HILLS |
School District | Not Listed |
County | San Diego |
Assessor Parcel# | 4516120200 |
Zoning | RM-2-5 |
Geographic Areas |
Community College District: San Diego CC |
Highway Locator |
West of I-15 East of I-5 South of I-8 West of I-805 West of SR-163 South of SR-52 South of SR-56 South of SR-78 |
Ocean Distance | 6.0 miles |
Year Built | 1938 (source: Assessor) |
Laundry Location | Laundry Room |
Elevator | Not Listed |
Cooling | Central Forced Air |
Heating | Natural Gas Zoned Areas, Combination Heating |
Sewer/Septic | Public Sewer |
Fireplaces | Not Listed (FP in Family Room, Patio/Outdoors) |
Platform | SDMLS |
AOR | |
MLS Number | OC25048282 |
Courtesy of | Tri-Star Realty |
https://www.californiatophomes.com/OC25048282
Style | Detached 2 Story |
Material | Not Listed |
Floor Level | 1 of 2 |
Lot Size | 4,000-7,499 SF ~ 5,001 sf |
Fencing | Not Listed |
Topography | Not Listed |
Swimming Pool | Private |
Patio | Deck, Patio |
Site | Curbs |
Parking |
Total Spaces: 2
Garage Spaces: 2
Non-Garage Spaces:
0 -
|
View | Back Bay |
Unit Location | No Common Walls |