1747-1749 Fern Street presents a rare opportunity to acquire a fully operational short-term rental asset in San Diego’s highly sought-after South Park neighborhood. The offering consists of two detached single-family homes situated on a single 6,406-square-foot parcel, providing a unique combination of immediate income potential and future flexibility. The property includes a four-bedroom, two-bath residence at 1747 Fern Street and a three-bedroom residence at 1749 Fern Street, both currently operating as permitted Airbnb rentals. A key investment advantage is the presence of active short-term rental permits, a valuable entitlement in San Diego where permit availability has become increasingly limited in many neighborhoods. This allows a new owner to continue operations immediately without the uncertainty and timing associated with obtaining new approvals. The two separate structures offer operational flexibility while creating multiple income-generating opportunities from a single asset. The property is located in the heart of South Park, one of San Diego’s most established urban neighborhoods known for its walkability, independent businesses, dining destinations, and historic character. Residents and visitors enjoy convenient access to boutique retail, local restaurants, Balboa Park, North Park, Golden Hill, Downtown San Diego, and major employment centers throughout the region. The neighborhood's appeal to both leisure and business travelers supports consistent demand for short-term accommodations. Additional features include rear parking, on-street parking availability, and approximately 2,250 square feet of additional rear land area that may provide future utility subject to buyer investigation. This offering combines existing cash flow, operational flexibility, and a desirable infill location within one of San Diego's most recognized neighborhoods.