For Sale: 3243 Columbia Street, San Diego, CA 92103. 5-bedroom 3-bath, 2419 sf, 1938 MISSION HILLS $3,190,000 begin new search
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Overview

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
Ownership
Property Type RESIDENTIAL
Sales Restrictions Standard
Mello-Roos Fee $0 per Year
HOA Fee $0
Rooms
Bedroom Entry Level, Den, Family Room, Walk-In Closet
Square Footage 2419 sf
Flooring Stone, Tile, Wood
Bedrooms 5
Full Bathrooms 3
Location
Directions Laurel to Sassafras St (north) to Columbia St (east) Cross Street: Sassafras.
Community Area MISSION HILLS
School District Not Listed
Public Records
County San Diego
Assessor Parcel# 4516120200
Zoning RM-2-5
Geographic Areas

Community College District: San Diego CC

School District: San Diego Unified

Zip Code: 92103

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
Features
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)
Monthly Payment Calculator
Listing Source
Platform SDMLS
AOR
MLS Number OC25048282
Courtesy of Tri-Star Realty
Exterior
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