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    1235 Sassafras St

    San Diego, CA 92103
    • $3,294,000
    • STATUS: ACTIVE
    • ON SITE: 35 days
    • ID#: 200038885
    Price Reduced
    UPDATED: 68 min ago
    $3,294,000
    • 4
      BEDS
    • 0.13
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    • 2,858
      SQFT
    • $1,153
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1992
    County:

    School Ratings & Info

    Description

    7.3% CAP Rate! 10.8 GRM!!! This is the best CAP Rate and GRM of any property currently listed in 92103, and among the best in San Diego!! Even better - 2 years fully-guaranteed gross income to maintain an 10.8 GRM when keeping on the existing management company! Casa Paradiso is a one-of-a kind luxury resort home located in the heart of the city. Literally the moment you step on to the property you are greeted by a tropical oasis: Glittering heated pool with LED-lit water fountains, an elevated Jacuzzi spa with outdoor shower, a 3-hole putting green, a 700sf lounge featuring a massive custom-built wet bar with 2 beverage coolers, built-in 70" high def TV, ultra-plush lounge chairs, couches, and bar stools. Enjoy a separate grilling area with integrated stainless steel grill and beverage cooler. All this is before you've even walked in the front door!! What sets this property apart is the Business Opportunity which comes with the sale – a fully compliant short-term vacation rental business with a solid track record of profitability. The current Property Management company is so confident in its turnkey system they have agreed to offer a 2 YEAR GROSS REVENUE GUARANTEE to new owners beginning at close of escrow!! Enter the lucrative short-term vacation rental business with the confidence of a guaranteed 2 years of passive gross income! This is a rare opportunity!! Inside the estate features an open floorplan concept, with incredible views and top-of-the-line luxury. The gourmet kitchen features gorgeous granite countertops along with Viking and LG appliances. Enjoy floor-to-ceiling stacking glass doors, which continue the seamless flow onto an expansive observation deck with views of the canyon, harbor, and city. A larger-than-life 15-foot high wooden door carved into the face of a Buddha stands guard over the master bedroom suite. The calming, Zen-like decor with open vaulted ceilings and a newly remodeled ensuite bathroom make this an incredibly unique and luxurious room. The sprawling estate continues as you make your way downstairs to the lower level. Here, you'll find a home theater room, which seats 8 comfortably and is outfitted with a state-of-the art 3D projector, a 110” drop-down screen and Dolby digital 7.0 surround sound. Also downstairs are 3 fully remodeled bedrooms and 2 modern-inspired full bathrooms. A large observation deck leads to the private basketball court and sitting area, an excellent spot to relax with bamboo trees and the canyon below. Whatever your plan…. Make income now, then move into paradise later, or just make income, and enjoy personal use on occasion, this property fits the bill. You will not find another deal like this.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/108846242
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    1235 Sassafras St San Diego, CA 92103

    • Price: $3,294,000
    • Status: ACTIVE
    • Updated: 68 min ago
    • ID#: 200038885
    4
    Beds
    3
    Baths
    1
    ½ Baths
    0.13
    Acres
    2,858
    SQFT
    $1,153
    $/SQFT
    1992
    Built
    Neighborhood:
    Mission Hills
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    7.3% CAP Rate! 10.8 GRM!!! This is the best CAP Rate and GRM of any property currently listed in 92103, and among the best in San Diego!! Even better - 2 years fully-guaranteed gross income to maintain an 10.8 GRM when keeping on the existing management company! Casa Paradiso is a one-of-a kind luxury resort home located in the heart of the city. Literally the moment you step on to the property you are greeted by a tropical oasis: Glittering heated pool with LED-lit water fountains, an elevated Jacuzzi spa with outdoor shower, a 3-hole putting green, a 700sf lounge featuring a massive custom-built wet bar with 2 beverage coolers, built-in 70" high def TV, ultra-plush lounge chairs, couches, and bar stools. Enjoy a separate grilling area with integrated stainless steel grill and beverage cooler. All this is before you've even walked in the front door!! What sets this property apart is the Business Opportunity which comes with the sale – a fully compliant short-term vacation rental business with a solid track record of profitability. The current Property Management company is so confident in its turnkey system they have agreed to offer a 2 YEAR GROSS REVENUE GUARANTEE to new owners beginning at close of escrow!! Enter the lucrative short-term vacation rental business with the confidence of a guaranteed 2 years of passive gross income! This is a rare opportunity!! Inside the estate features an open floorplan concept, with incredible views and top-of-the-line luxury. The gourmet kitchen features gorgeous granite countertops along with Viking and LG appliances. Enjoy floor-to-ceiling stacking glass doors, which continue the seamless flow onto an expansive observation deck with views of the canyon, harbor, and city. A larger-than-life 15-foot high wooden door carved into the face of a Buddha stands guard over the master bedroom suite. The calming, Zen-like decor with open vaulted ceilings and a newly remodeled ensuite bathroom make this an incredibly unique and luxurious room. The sprawling estate continues as you make your way downstairs to the lower level. Here, you'll find a home theater room, which seats 8 comfortably and is outfitted with a state-of-the art 3D projector, a 110” drop-down screen and Dolby digital 7.0 surround sound. Also downstairs are 3 fully remodeled bedrooms and 2 modern-inspired full bathrooms. A large observation deck leads to the private basketball court and sitting area, an excellent spot to relax with bamboo trees and the canyon below. Whatever your plan…. Make income now, then move into paradise later, or just make income, and enjoy personal use on occasion, this property fits the bill. You will not find another deal like this.
    Exterior Features

    Exterior Stucco Fencing Full Lot Size 4000-7499 SF Parking Garage Description Attached Parking Non Garage Description Driveway Parking Non Garage Spaces 2 Parking Spaces Total 4 Pool Below Ground Residential Styles Detached Roof Tile/Clay Topography Canyon/ValleyLevel

    Interior Features

    Bath Totals 4 Bedroom2 Dimensions 18X11 Bedroom3 Dimensions 13X13 Bedroom4 Dimensions 13X10 Bedrooms Total 4 Cooling Central Forced Air Dining Room Dimensions 14X10 Equipment Available DishwasherDisposalDryerGarage Door OpenerMicrowavePool/Spa/EquipmentRefrigeratorSolar PanelsWasherOther/Remarks6 Burner StoveBuilt In RangeFreezerGrillBarbecueBuilt-In Family Room Dimensions 27X17 Heat Equipment Other/Remarks Heat Source Natural Gas Kitchen Dimensions 15X11 Laundry Location Closet Full Sized Laundry Utilities Gas Living Room Dimensions 31X15 Master Bedroom Dimensions 20X15 Optional Bedrooms 0 Searchable Rooms Dining AreaFamily Room Stories 2 Story

    Property Features

    Age Restrictions N/K Association ID San Diego Association Of Realtors (Sdar) Cfd Mello Roos Fee 0.0 Community Mission Hills Cross Streets India Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Ownership Fee Simple Property Restrictions Known None Known Sales Restrictions N/K Sewer Septic Sewer Connected Short Sale No Terms Cal VetCashConventionalVa Water Meter On Property Zoning R-2:Minor

    Listing provided courtesy of Home Solutions Group. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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