3608 Oleander Drive

San Diego CA 92106

3269 sq. ft.

6400 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Experience elevated coastal living in this exceptional, 5-bedroom, 4.5-bath, 3,269 sqft home located in the highly coveted Loma Portal neighborhood of Point Loma. A "New-Build" Remodel in 2021, unlock additional income potential with the first-floor ensuite conversion into a separate ADU or in-law suite. Currently operating as a top-performing short-term rental generating $270K+ annually, this property has projected upside exceeding $300K+ through strategic amenity enhancements. Assumable 2.8% VA loan! Designed for luxury living through high-performance rental income, the home features an open-concept layout anchored by a grand staircase, a chef’s kitchen with premium stainless steel appliances and a built-in Thermador espresso system, and fully integrated motorized blinds. Fleetwood floor-to-ceiling glass systems define the home, featuring a dramatic oversized pivot front entry and dual rear pocketing glass walls that fully retract to create seamless indoor-outdoor living. The private outdoor retreat includes a heated saltwater pool, recessed ceiling-mounted patio heaters, and multiple lounge and dining areas. Convert the expansive lower yard space for a mini pickleball court, further enhancing guest appeal and revenue potential. Energy-efficient features include solar panels integrated with a TPO roofing system and a 220V EV charging outlet in the attached two-car garage. Situated on a quiet cul-de-sac with views of SeaWorld fireworks, this home is just minutes from Liberty Station, Sunset Cliffs, San Diego’s iconic beaches, waterfront dining, and downtown.