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Just Listed!
Est. $12,327/mo

2860-2862 State St, San Diego, CA 92103

-- Bed0 Bath0 Sqft
Listed by Jim Tyner

What sets this property apart is the Business Opportunity that comes with the sale a fully compliant short-term vacation rental business with a solid track record of profitability. Gross revenue for both units exceed traditional rental units by nearly 3 times. YOY Gross revenue was up over 30% in 2018 and is on track to be up again in 2019!! The one-of-a-kind property was recently featured on the Travel Channels Top Vacation Rental Destinations in San Diego. It can be rented as an individual 2bd and a 3bd, or as a combined 5bd luxury villa. The property also comes with a nearly approved set of plans to construct an additional 1633 square foot 3rd story, consisting of 3 beds, 2 baths, and a 326 sq ft panoramic deck with Jacuzzi. New unit should generate and additional $80k in revenue. Only selling because owners need some cash. The current Property Management company is so confident in its turnkey system, it has agreed to offer a 1 YEAR GROSS REVENUE GUARANTEE to new owners beginning at close of escrow. Absolutely unheard of!

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Home Details
Virtual Tour
  • Days on 2
  • Beds: --
  • Baths: --
  • Property type: Multi Family
  • Exterior finish: STUCCO,STUCCO
  • Year built: 1979
  • Lot size: 0.13
  • Fireplace: no
  • Neighborhood: Middletown
  • Cooling: Central Forced Air, Zoned Area(s)
  • Water Heater: Gas
  • Telecommunications: Cable (Coaxial), Computer (Cat5), Other Remarks
  • Garage Parking: Attached
  • Roof: Tile Clay
  • View: Bay, City, Evening Lights, Ocean, Panoramic, Panoramic Ocean
  • Exterior: Stucco
  • Fencing: Full
  • Acreage Range: 000 7, 4, 499 Sf
  • Frontage: Bay, Ocean Bluff
  • Irrigation: N/k
  • Topography: Slope Gentle
  • Pool: N/k
  • Spa Heat: Electric
  • Spa: Private Portable
  • Parking: Guest Parking
  • Rv Parking: Garage, On Site Parking
  • Heated Pool: None Known
  • Heating: Forced Air Unit
  • Heating Source: Electric, Natural Gas
  • Sewer: Sewer Connected
  • Security: Other Remarks
  • Community: Mission Hills
  • Complex Features: Spa/hot Tub
  • Water: Meter On Property
  • Contingency: None Known
  • Sale Rent: For Sale
  • Terms: Cash, Conventional
  • Hoa Fee Includes: N/k
  • Other Assoc Fees: N/k
  • Special Conditions: N/k
  • Tenant Pays: N/k
  • Additional Property Use: Res/business Use Ok
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MLS Number190038177
Listing SourceSan Diego MLS
Last Updated07/12/2019
Offered ByHome Solutions Group
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Pricing Info


Principal & Interest$9,379.35
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