3243 45 Columbia Street, San Diego, California 92103, San Diego, - bed, bath

home-pic
ACTIVE$2,975,000
3243 45 Columbia Street, San Diego, California 92103
5Beds
3Baths
2,419Sqft
5,001Lot
Year Built
1938
Close
-
List price
$2.98M
Original List price
$2.98M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25199204
Home ConditionExcellent
Features
Excellent View: Back Bay
Deck
Pool
Spa
Patio
ViewBack Bay

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.

Price History

Date
Event
Price
09/04/25
Listing
$2,975,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (72 Listings)
Beds53
93%
Baths33
50%
Square foot2,4191,954
67%
Lot Size5,0015,925
36%
Price$2.98M$1.9M
82%
Price per square foot$1,230$974
90%
Built year19381940
49%
HOA
Days on market63170
8%
Condition Rating
Excellent

Despite being built in 1938, the property has clearly undergone extensive, high-end renovations, as evidenced by the 'luxury resort' description and the modern, pristine condition shown in the images. The kitchen features contemporary cabinetry, high-end stainless steel appliances, and stylish finishes. Bathrooms are updated with modern fixtures, tiling, and vanities. Flooring appears to be new, likely luxury vinyl plank or similar, and all light fixtures are modern recessed lighting or stylish contemporary designs. The property boasts a heated pool, hot tub, and a dedicated game room, all indicating recent upgrades and a focus on luxury and modern amenities. There is no visible deferred maintenance, and all components appear new or virtually new, aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Guaranteed High Income & Investment Potential: The property offers a guaranteed gross income of $300,000 annually for two years, boasts a 5.2% CAP Rate, and provides tax benefits through accelerated depreciation, making it an exceptional investment opportunity.
Prime Location & Accessibility: Nestled in the heart of San Diego, it's 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, ensuring consistent demand.
Luxury Amenities & Turnkey Operation: Features include a heated pool and hot tub with waterfall, a Stainless Steel Japanese soaking tub, a fully equipped game room, and top-of-the-line furnishings, offered as a licensed, turnkey vacation rental.
Established & Highly-Rated Vacation Rental: The property is a top-performing, city-licensed vacation rental, designated as a 'Guest Favorite' on Airbnb with an impressive average review score of 4.94/5.0, indicating a strong reputation and proven profitability.
Panoramic Views & Observation Deck: A panoramic observation deck provides breathtaking 230-degree views of downtown San Diego, the harbor, and beyond, significantly enhancing its appeal to guests and residents.

Cons

Age of Property: Built in 1938, the property's underlying structure is quite old, which may lead to potential maintenance issues or require updates to older infrastructure over time, despite recent renovations.
Dependency on Management for Income Guarantee: The guaranteed income is contingent upon retaining the current management company, which could limit an owner's flexibility in choosing their own management or negotiating terms after the two-year guarantee period.
High Ongoing Maintenance & Operating Costs: The extensive luxury amenities, including a heated pool, hot tub, and game room, along with high-end furnishings, will incur significant ongoing maintenance, utility, and operational expenses.

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