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STR1046

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728 Jamaica Ct, San Diego, California 92109

9582

Bedrooms

Utilities Included

Bathrooms

Furnished

Yes

Available to Lease on

ASAP

Property Type

Single Family

SQFT

2000

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Key metrics

Rent

9,582

Monthly Estimated Profit^?

6,485

Annual Estimated Profit^?

77,816

Acquisition Fee

3,500

Security Deposit

9582

Average Daily Rate

819

Occupancy

65%

Annual Revenue

192,800

Key Features

This newly remodeled 2,000 sq ft coastal home is located at 728 Jamaica Ct in the prime Mission Beach neighborhood of San Diego, California. Offering 4 bedrooms and 2.5 bathrooms, this open-concept property provides an incredible opportunity for a highly profitable short-term rental operation. It boasts spectacular ocean and city views, along with five separate decks and patios perfect for entertaining guests.

The location is unbeatable, situated just steps away from Mission Beach, Mission Bay, and the Pacific Ocean. Guests will love the walkability to local restaurants, bars, and Belmont Amusement Park, while SeaWorld is just a 1-2 minute drive away. The ground floor, accessible through the garage, features three wheelchair-accessible bedrooms, adding a unique and highly desirable amenity for group travel.

Property Features

4 Bedrooms / 2.5 Bathrooms: Spacious 2,000 sq ft open-concept layout with three ground-floor bedrooms offering wheelchair accessibility through the garage.
Premium Outdoor Living: Features 5 separate decks/patios showcasing gorgeous ocean and city views.
Newly Remodeled & Furnished: Comes with new modern furniture and local beach accessories coming soon, making it a turnkey-ready asset.
Prime Coastal Location: Steps to the sand at Mission Beach and Mission Bay, and situated right along the famous boardwalk and bike paths.
Walkable to Attractions: Walking distance to Belmont Park, local bars, restaurants, and a 2-minute drive to SeaWorld.

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:

License requirement: All STRs must obtain a Short-Term Residential Occupancy (STRO) license4 7.
Tiered system: Non-owner occupied STRs fall under Tier 3 for whole-home rentals outside Mission Beach, and Tier 4 for Mission Beach1 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.
Minimum stay: Guests are required to stay a minimum of two nights for both Tier 3 and Tier 4 rentals1.
License allocation: If applications exceed the cap, a lottery system is used, prioritizing hosts who have complied with city laws1 4.
Good Neighbor Policy: All STR operators must adhere to guidelines on noise, trash, and occupancy limits3.
Restrictions: Recreational vehicles, campers, or temporary structures cannot be used for STRs7.
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

STR Regulations Summary:

View Regulations Here

Property Location