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STR354

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8747 Longwood St, San Diego, California 92126

8500

Bedrooms

Utilities Included

Bathrooms

Furnished

Available to Lease on

ASAP

Property Type

Single Family

SQFT

2390

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Key metrics

Rent

8,500

Monthly Estimated Profit^?

15,558

Annual Estimated Profit^?

186,700

Acquisition Fee

2,500

Security Deposit

8,500

Average Daily Rate

1,232

Occupancy

64%

Annual Revenue

288,700

Key Features

This expansive single-level residence is located at 8747 Longwood St in the convenient Mira Mesa neighborhood of San Diego, California. Offering a rare 8-bedroom and 5-bathroom layout across 2,390 sq ft, this home is uniquely designed for versatility, making it a superb option for large households, student roommates, or residential business models like senior living.

The interior is filled with natural light and features updated tile and hardwood flooring throughout, along with a nicely upgraded kitchen equipped with brand-new stainless steel appliances including a refrigerator and stove. Outside, you'll find a low-maintenance yard and ample parking options, including an attached 2-car garage and additional space for an RV. Enjoy the convenience of a prime location near Miramar College and major transit routes, providing easy access to San Diego’s major employment centers and educational institutions.

Property Features

Gourmet Kitchen: Recently upgraded and provided with brand-new stainless steel appliances.
Modern Flooring: Finished throughout with durable tile and hardwood.
Convenient Parking: Attached 2-car garage plus a spacious parking pad with RV accommodation.
Outdoor Space: Fully fenced, low-maintenance yard on a desirable corner lot.
Prime Connectivity: Located near Miramar College with easy access to schools and major freeways.

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