About 3608 Oleander
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.
Features of 3608 Oleander
| MLS® # | 260006868 |
|---|---|
| Price | $2,995,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Full Baths | 4 |
| Half Baths | 1 |
| Square Footage | 3,269 |
| Acres | 0.15 |
| Year Built | 1951 |
| Type | Residential |
| Sub-Type | Detached |
| Style | Modern |
| Status | Active |
Community Information
| Address | 3608 Oleander |
|---|---|
| Area | POINT LOMA (92106) |
| Subdivision | Point Loma |
| City | San Diego |
| County | San Diego |
| State | CA |
| Zip Code | 92106 |
Amenities
| Utilities | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Garage,Garage - Front Entry,Garage - Side Entry,EV Charging Station(s) |
| # of Garages | 2 |
| View | Valley/Canyon |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Below Ground,Heated with Gas,Heated,Fenced,Pool Cover,Saltwater |
Interior
| Interior Features | Balcony,Bathtub,Ceiling Fan,High Ceilings (9 Feet+),Kitchen Island,Living Room Deck Attached,Open Floor Plan,Pantry,Recessed Lighting,Remodeled Kitchen,Shower,Shower in Tub,Kitchen Open to Family Rm |
|---|---|
| Appliances | Dishwasher,Disposal,Dryer,Garage Door Opener,Microwave,Pool/Spa/Equipment,Range/Oven,Refrigerator,Washer,Water Softener,6 Burner Stove,Built In Range,Convection Oven,Double Oven,Freezer,Gas Oven,Gas Stove,Ice Maker,Range/Stove Hood,Barbecue,Gas Range,Built-In,Counter Top,Gas Cooking |
| Heating | Fireplace,Forced Air Unit,Passive Solar |
| Cooling | Central Forced Air,Zoned Area(s),Electric,High Efficiency |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | FP in Living Room,Gas |
| Stories | 2 Story |
Exterior
| Lot Description | Cul-De-Sac,West of I-5,Landscaped |
|---|---|
| Roof | Synthetic,Flat |
| Construction | Stucco |
Fees
| Other Fees | $0 |
|---|
Additional Information
| Date Listed | March 24th, 2026 |
|---|---|
| Days on Market | 52 |
| Zoning | R-1:SINGLE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Office | Grandfield Properties, Inc. |
Price History for MLS #260006868
| Date | Details | Change |
|---|---|---|
| Price Reduced from $3,100,000 to $2,995,000 | ||
| Price Increased from $2,800,000 to $3,100,000 |