I am doing some research into STR regulations in SD and have found that there is now a 1% cap in SD and a 30% cap in mission beach.
As an out of towner, would anyone in this forum know if the 1% cap also applies to short term rentals in La Jolla, or are La Jolla STR under another jurisdiction? Anyone have any experience on this?
Investor · Austin TX · Member since 2018 · 151 posts · 165 votes
4y
Hi @Marco Pangilinan. I don't have any direct experience owning an STR in CA, however I would imagine it's done by City. I'm not sure why there's a different cap because I thought Mission Beach was part of the City of San Diego. I also believe that La Jolla is considered a "Special Community" but still under the umbrella of the "City of San Diego". Sorry that's not more helpful!
Real Estate Agent · Southern California · Member since 2019 · 681 posts · 281 votes
4y
@Marco Pangilinan There is a way to get around this! If you are a primary resident and renting out the units you are not in while living on the property you get a permit outside of the 1%. I am looking to land a small multi to do that exact thing in san diego!
Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
4y
@Marco Pangilinan I'm going about this 2 ways on 2 separate properties, one is an owner occupied multifamily so qualifies for one of the exceptions and a separate property that will be 30+ days furnished only.
Are you planning on living in the property? La Jolla is in the city of San Diego and therefore falls under the 1% cap. You would be exempt from this if you used the property as a primary residence. You could also rent out 30+ days to avoid the 1% limitation.