San Diego Short Term Vacation Rentals Update May 2022
San Diego City Council has approved the California Coastal Commission (CCC) recommendations to the STVR ordinance. This approval takes San Diego another step closer to regulating short term vacation rentals in San Diego. Although no specific date has been announced as to when homeowners can apply for a license, the SD City plan (as verbally stated in the meeting on May 17, 2022) is to start the application process in Fall 2022, licenses issued by the end of 2022, and implementation/enforcement beginning in Spring 2023. Go to SD City website for more information. https://www.sandiego.gov/treasurer/short-term-residential-occupancy
If you are not familiar with the current STVR Ordinance or the new recommendations, we suggest looking on the San Diego City website and signing up for notifications. If you currently own a vacation home in San Diego, this ordinance and knowing the process to obtain a license is going to be important for you. Don’t wait until the last minute to get everything together. If you are listing your home through a platform, they will also be following the new ordinance and require a license to list a home. https://docs.sandiego.gov/municode/MuniCodeChapter05/Ch05Art10Division02.pdf
What happens if you don’t get a license to operate a STVR in San Diego? Longer term rentals are an option, or taking advantage of this sellers’ market and using a 1031 Exchange to purchase another investment property in an area that is not requiring a license are options. Mission Beach will have a separate lottery that will also be following the ordinance, but in for Tier 4 https://docs.sandiego.gov/municode/MuniCodeChapter05/Ch05Art10Division01.pdf
If you have questions on the San Diego real estate market, we are here to chat.
Drew & Christy Littlemore are realtors with BHHS in La Jolla on Maxine & Marti’s Team, one of the top teams in San Diego. They represent buyers and sellers throughout San Diego County. Drew Littlemore is a La Jolla native as well as co-founder & owner of Headhunter Suncare, one of the leading sunscreen brands for surfers. Christy Littlemore has lived and worked in La Jolla for over 20 years, selling real estate since 2012. Prior to real estate she taught elementary and middle school in the San Diego Unified School District.
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Drew & Christy Littlemore
7910 Girard Ave Ste 9
La Jolla, Ca 92037