3243-45 Columbia St San Diego, CA 92103
Middletown NeighborhoodEstimated payment $18,799/month
Total Views
18,844
5
Beds
3
Baths
2,419
Sq Ft
$1,319
Price per Sq Ft
Highlights
- Private Pool
- Back Bay Views
- Wood Flooring
- Grant K-8 Rated A-
- Deck
- Main Floor Bedroom
About This Home
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.
Listing Agent
Tri-Star Realty Brokerage Phone: 714-791-6026 License #00634943 Listed on: 03/05/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,995
Year Built
- Built in 1938
Lot Details
- 5,001 Sq Ft Lot
- Back and Front Yard
- Property is zoned RM-2-5
Parking
- 2 Car Attached Garage
Interior Spaces
- 2,419 Sq Ft Home
- 2-Story Property
- Family Room with Fireplace
- Den
- Back Bay Views
- Laundry Room
Flooring
- Wood
- Stone
- Tile
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
Pool
- Private Pool
- Spa
Outdoor Features
- Deck
- Fireplace in Patio
- Patio
Utilities
- Zoned Heating and Cooling System
- Combination Of Heating Systems
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- Mission Hills Subdivision
Listing and Financial Details
- Legal Lot and Block 3 / 128
- Assessor Parcel Number 4516120200
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,995 | $1,325,567 | $1,024,044 | $301,523 |
| 2024 | $15,995 | $1,299,576 | $1,003,965 | $295,611 |
| 2023 | $15,643 | $1,274,095 | $984,280 | $289,815 |
| 2022 | $15,227 | $1,249,114 | $964,981 | $284,133 |
| 2021 | $15,123 | $1,224,622 | $946,060 | $278,562 |
| 2020 | $14,854 | $1,212,066 | $936,360 | $275,706 |
| 2019 | $14,587 | $1,188,300 | $918,000 | $270,300 |
| 2018 | $13,635 | $1,165,000 | $900,000 | $265,000 |
| 2017 | $80 | $799,204 | $540,975 | $258,229 |
| 2016 | $9,231 | $783,534 | $530,368 | $253,166 |
| 2015 | $9,095 | $771,766 | $522,402 | $249,364 |
| 2014 | $8,952 | $756,649 | $512,169 | $244,480 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2025 03/05/25 | For Sale | $3,190,000 | -- | $1,319 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,165,000 | California Title Company | |
| Interfamily Deed Transfer | -- | Title365 Company Inc | |
| Grant Deed | $599,500 | First American Title | |
| Interfamily Deed Transfer | -- | First American Title | |
| Grant Deed | $350,000 | Chicago Title Co | |
| Grant Deed | $350,000 | First American Title Co | |
| Deed | $439,000 | -- | |
| Deed | $391,000 | -- | |
| Deed | $325,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $873,875 | New Conventional | |
| Closed | $86,000 | Future Advance Clause Open End Mortgage | |
| Closed | $932,000 | New Conventional | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $546,251 | New Conventional | |
| Previous Owner | $198,000 | Credit Line Revolving | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $540,000 | Unknown | |
| Previous Owner | $53,005 | Construction | |
| Previous Owner | $479,200 | No Value Available | |
| Previous Owner | $27,000 | Unknown | |
| Previous Owner | $315,000 | No Value Available | |
| Previous Owner | $280,000 | No Value Available | |
| Closed | $89,850 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25048282
APN: 451-612-02
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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