804 San Luis Rey Pl, San Diego, California
804 San Luis Rey Pl, San Diego, California 92109 - Remarkable opportunity to own a property in Southern CAL that is perfectly situated between the Ocean and Mission Bay. You can walk to both in less than 3min! Property features 2 units that are fully furnished and equipped for short term rentals (AirBnB, VRBO or corporate)*** INVESTORS ***True potential of this property is to add a 3rd bedroom to the upstairs unit and turn this property into a full time vacation rental home. 2017 AirBnB income yield over 2.5 months was $33,905.00!! WATCH VIDEO WALK TOUR INVESTORS *****INVESTORS *****2017 AirBnB income yield over 2.5 months was $33,905. When this income is applied to a 12 month formula, property yields a CAP rate of 5%. ****** Current owners decided to have units on AirBnB only 3 months out of the year. True potential of this home is to have it as AirBNB for full 12 months and maximize the profits. Units are beautiful, remodeled, will transfer fully furnished and equipped with everything your guest will need for comfortable AirBnB stay, including the AirbNB and VRBO history with comments and remarks from guests. You won't need to buy a thing! ****** The upstairs unit features an open floor plan with 2 spacious bedrooms, remodeled bath, spacious living room equipped with a fireplace and an additional TV sitting area, large open kitchen all accented with an open beamed ceiling and direct access to a spacious patio deck. 2ND LIVING ROOM CAN BECOME A 3RD BEDROOM FURTHER MAXIMIZING YOUR RETURN **** The downstairs unit offers a large private patio with direct access to the dining and spacious living area. This unit has 3 comfortable bedrooms and an upgraded bathroom.****Units are VRBO and AirbnB units June, July and August and then on solid leases from September 1st through May 31st. Purchase is subject to existing student leases that go through end of May 2018. ****Call agent for more information. Financials will be available upon request to interested and qualified parties.
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Listing Courtesy of Century 21 Award