Pending

818 820 Portsmouth

San Diego, CA 92109
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Bed 0

Bed

Bath 0

Bath

SqFt1,159

Sqft(Lot)

Yes, you read that right: a 2.75% assumable loan paired with three years of financials averaging $207K in annual income. Welcome to a Mission Beach tri-plex that does the math for you. Tucked just steps from both the bay and the ocean, this coastal investment delivers true SoCal lifestyle appeal. The front 2-bed/1-bath house offers a private deck, wood-burning fireplace, updated kitchen, in-unit laundry, and ample interior storage. Upstairs, two beautifully remodeled studios share a sunlit deck made for slow mornings and golden-hour evenings. An attached garage and a dedicated outdoor area for boards, bikes, and beach gear round out the package, giving guests (and owners) everything they need to live the Mission Beach lifestyle. All three units run as active short-term rentals with a pro ven 5.94% cap rate and consistent year-over-year performance. Whether you're an investor expanding a coastal portfolio or a buyer planning to live in one unit while the others cover the mortgage, the assumable financing alone makes this a rare opportunity. Three income-producing doors, one of San Diego's most in-demand STR markets, and a financing structure that simply doesn't exist in today's rate environment, this one will not last! All units will be available to see Monday, 6/15 at 4 PM. Multiple offers received - A few counteroffers sent but none accepted as of 6/13 you still have time to submit - Calling for all offers now!

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,999,900

AD Id : 79023036

MLS Id : 260012362SD

Lot Size : 1,159 Sq. Ft

Year Built : 1985

County : San Diego

Subdivision: Country Club Estates

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Feature Features

  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Cooling: None

  • Building Information

    Year Built: 1985
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 1159 Lot Size Acres: 0.0266 Lot Size Source: Assessor Lot Size Square Feet: 1,159

    Property Information

    Subdivision: Mission Beach Source Property Type: Residential Income Levels: Two Property Age: 41

  • Listing Price Information

    Listing Price: $1999900
    Cash, Conventional, VA Loan

  • Tax Information

    Parcel Number: 4235922100

  • Location Information

    Direction: CrossStreet: Mission Blvd
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1243 1245 Van Nuys St., San Diego, CA, 92109 $4,000,000 6 4 -- --
809 11 Santa Clara Place, San Diego, CA, 92109 $1,799,000 4 3 -- 2,471 Sq. Ft
2636 38 Strand Way, San Diego, CA, 92109 $4,499,000 4 5 2,626 --
701 Sunset Ct, San Diego, CA, 92109 $8,450,000 4 4 2,200 2,115 Sq. Ft
4835 Academy St, San Diego, CA, 92109 $2,949,000 4 4 2,929 4,068 Sq. Ft
2109 11 Felspar Street, San Diego, CA, 92109 $1,995,000 5 2 -- --
1522 24 Hornblend, San Diego, CA, 92109 $3,555,555 12 8 -- 6,240 Sq. Ft
2629 31 Ocean Front Walk, San Diego, CA, 92109 $3,995,000 5 3 -- 2,739 Sq. Ft
1460 64 Grand Ave, San Diego, CA, 92109 $2,500,000 7 3 -- 6,225 Sq. Ft
2141 Balboa Ave, San Diego, CA, 92109 $2,795,000 6 8 -- --

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ByOwner last updated this listing 09/15/2026 @ 19:39

MLS: 260012362SD LISTED BY: Keegan Wetzel, Real Broker 855-450-0442 SOURCE: CRMLS

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