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Nicole Van Parys & Gary Nesen

nicole.vanparys@engelvoelkers.com +1(805) 795-1880

Listed by Carl Wuestehube • Tri-Star Realty

$ 3,190,000

Est. payment -/mo

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Active

3243 Columbia Street San Diego, CA 92103

5 Beds

3 Baths

2,419 SqFt

UPDATED:

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 OC-25048282

Style Ranch

Bedrooms 5

Full Baths 3

Year Built 1938

Lot Size 5,001 Sqft

Property Sub-Type Single Family Residence

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 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

Interior

Heating Zoned, Combination

Cooling Central Air

Flooring Stone, Tile, Wood

Fireplaces Type Family Room, Patio

Laundry Individual Room

Exterior

Garage Spaces 2.0

Pool Private

Community Features Curbs

View Y/N Yes

View Back Bay

Building

Lot Description Front Yard, Back Yard

Sewer Public Sewer

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

Nicole Van Parys & Gary Nesen

3243 Columbia Street San Diego, CA 92103

Key Details

Location

Interior

Exterior

Building

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3243 Columbia Street