1936 Oliver Ave, San Diego, CA 92109

Property Description

Location! Location! Location! Move in ready. TWO remodeled homes on 1 Large Lot. Beach Lifestyle with Rental Income including Limitless development opportunity in the desirable Crown Point area just 2.5 blocks to Mission Bay. Quiet, private and walkable to most attractions in Pacific Beach/Mission Bay. Only the Second owner, original lot that has never been split up: approx. 9,000 sqft. Both homes are newly remodeled. Main house: Craftsman 3 bd 2 bath. Rare Solid Adobe brick-only a handful of houses in San Diego. Newer everything including roof, AC/Heat, bathrooms, luxury vinyl floors, stainless appliances (w/d), and a high end kitchen w/ custom Exotic Brazilian granite and oversized island. Second House: Beach Bungalow used as 2 bd 1 bath (1bd+office). Both homes fully fenced w/ large yards and separated by a full fence with private driveways w/ dedicated entrances. Front house also has a fenced large front yard. Chance to live, and earn immediate rental income with spare house. Both homes are currently 5 Star reviewed on Airbnb & VRBO. Crown Point is eligible for new owner short term rental licenses. As of 8/10/24, 721 Tier 3 licenses remain (if both properties are rented) and Unlimited Tier 2 (if one house is owner occupied). Front house sleeps 12-14 guests and back house sleeps 6 guests. Buyer can choose to keep both or one properties as short term rentals, or has an option to have Seller cancel short term rentals upon close of escrow. This property is a rare gem with a potential to be an outstanding cash cow and land development. Sold with ALL furniture!