2860 State St., San Diego, CA 92103

Property Description

Home Sold off MLS, input only. INCREDIBLE combined investment property and Business Opportunity!!! Rare FULLY UPGRADED huge duplex in the heart of San Diego’s coveted Mission Hills neighborhood. Unmatched Panoramic Views of the San Diego Harbor, the Bay, Downtown, and Coronado Island!! Everything is updated inside: from the contemporary bathrooms to the gleaming gourmet kitchens outfitted with top-of-the-line appliances to the airport approved acoustic windows and ductless A/C units throughout. 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 Channel’s “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! Neighborhoods: Mission Hills Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 2860 Unit # for Unit 2: 2862 Number of Furnished Units: 2 Topography: GSL