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1225 Island Ave Unit 101, San Diego, California, 92101
$
4000
Bedrooms
3
Utilities Included
No
Bathrooms
2
Furnished
No
Available to Lease on
Available Now
Property Type
Townhouse
SQFT
1988
Key metrics
Rent
$
4000
Monthly Estimated Profit?
$
3614
Annual Estimated Profit?
$
43368
Acquisition Fee
$
2500
Security Deposit
$
TBD
Average Daily Rate
$
384
Occupancy
65
Annual Revenue
$
91368
Key Features

This spacious 3-bedroom, 2-bathroom townhouse in the heart of San Diego's East Village offers an ideal setting for corporate housing. With explicit subleasing options and multi-year leases available, it caters perfectly to corporate tenants, academics, and traveling medical professionals. The property is conveniently located near naval bases, the Naval Medical Center San Diego, and Scripps Hospital, making it an excellent choice for those in the medical field. Additionally, its proximity to Petco Park, Seaport Village, and the Gaslamp Quarter ensures easy access to local attractions.

The townhouse features a generous 1,988 square feet of living space across two levels, providing ample room for comfort and productivity. The secure, gated entry and tandem parking spots offer peace of mind, while the private entrance and small gated patio add a touch of exclusivity. With in-unit laundry and plenty of storage space, this property is designed to meet the needs of busy professionals. The vibrant downtown location combined with a peaceful retreat makes it a rare rental opportunity.

Property Features

• 3 Bedrooms / 2 Bathrooms: A comfortable layout perfect for professionals and families.
• In Unit Laundry: Includes washer and dryer for convenience.
• Secure Parking: 2 assigned tandem spots in a gated garage.
• Private Entrance: Lower level access with a small gated patio.
• Central Location: Minutes from hospitals and local attractions.

STR Regulations Summary:  

Status:
Mixed

View Regulations Here

San Diego has implemented strict regulations for non-owner occupied short-term rentals (STRs) as of May 1, 2023. Here are the key points:

  1. License requirement: All STRs must obtain a Short-Term Residential Occupancy (STRO) license47.
  2. Tiered system: Non-owner occupied STRs fall under Tier 3 for whole-home rentals outside Mission Beach, and Tier 4 for Mission Beach13.
  3. Caps on licenses:
    • Tier 3 permits are limited to 1% of the city's total housing units, excluding Mission Beach1.
    • Tier 4 permits (Mission Beach) are capped at 30% of available units in that area1.
  4. Minimum stay: Guests are required to stay a minimum of two nights for both Tier 3 and Tier 4 rentals1.
  5. License allocation: If applications exceed the cap, a lottery system is used, prioritizing hosts who have complied with city laws14.
  6. Good Neighbor Policy: All STR operators must adhere to guidelines on noise, trash, and occupancy limits3.
  7. Restrictions: Recreational vehicles, campers, or temporary structures cannot be used for STRs7.
  8. Penalties: Operating an STR without a license after May 1, 2023, is a violation and may result in penalties and jeopardize future license eligibility7.

While these regulations are strict, it is still feasible to operate a non-owner occupied STR in San Diego, provided you obtain the proper license and comply with all requirements

Property Location