Price Reduction - Views
Address
1235 Sassafras St San Diego, CA
Price
$ 3,294,000
Property Attributes
  • MLS#200038885
  • TypeSingle Family
  • CountySAN DIEGO
  • CitySan Diego
  • AreaMission Hills
  • NeighborhoodMission Hills
  • Zip92103
  • Style
  • Price$ 3,294,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage2858
  • Lot Size5,449 SqFt
Listing Provided Courtesy Of:
Home Solutions Group
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.

Price History
8/13/2020 Listed $3,490,000
9/9/2020 6% - $3,294,000

General Features

CFD/Mello-Roos Fee 0.0
Community MISSION HILLS
Cooling Central Forced Air
Full Baths 3
Garage Spaces 2
HOA Fee 0.0
Heating Other/Remarks
Laundry Closet Full Sized
Neighborhood Mission Hills
Other Fees 0.0
Price Per Sq Ft 1152.55
Roof Tile/Clay
Sale/rent For Sale
Senior Community Y/N N/K
Sewer Sewer Connected
Stories 2 Story
Terms Cal Vet, Cash, Conventional, VA
Topography Canyon/Valley, Level
Year Built 1992
Zoning R-2:MINOR

Interior Features

Bedroom 2 Dimensions 18x11
Bedroom 3 Dimensions 13x13
Bedroom 4 Dimensions 13x10
Dining Room Dimensions 14x10
Equipment Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Pool/Spa/Equipment, Refrigerator, Solar Panels, Washer, Other/Remarks, 6 Burner Stove, Built In Range, Freezer, Grill, Barbecue, Built-In
Family Room Dimensions 27x17
Heat Source Natural Gas
Kitchen Dimensions 15x11
Laundry Utilities Gas
Living Area 2858
Living Room Dimensions 31x15
Master Bedroom Dimensions 20x15
Total Bedrooms 4

Exterior Features

Covered Parking Attached
Exterior Stucco
Fencing Full
Lot Size Area 4, 000-7, 499 SF
Parking Non-garage Driveway
Parkng Non-garaged Spaces 2
Pool Y/N Below Ground
Total Parking 4
Water Source Meter on Property

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92103

Price
AVG $1.86M
$3.29M
Visits
AVG 51
18
Year Built
AVG 1955
1992

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