Active

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 : Residential Income

Price : $1,999,900

AD Id : 79023036

MLS Id : 260012362SD

Lot Size : 1,159 Sqft

Year Built : 1985

County : San Diego

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Feature Features

  • Bathroom Information

    Total Baths: 0
  • Interior Features

    Roof: Composition
  • Cooling Features

    None Air Conditioning

    Heating Source

    Has Heating

  • Building Information

    Year Built: 1985 Roof: Composition
  • Fencing

    Partial

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0266
  • Lot Size Source: Assessor Lot Size Square Feet: 1159

  • Listing Price Information

    Original List Price: 1,999,900 Listing Contract Date: 2026-05-21
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4235922100

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 92109 - Pacific Beach Directions: CrossStreet: Mission Blvd Source Property Type: Residential Income Area: 92109 - Pacific Beach
  • Building and Construction

    Property Age: 41 Year Built Source: Vendor Enhanced Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4801 Academy, San Diego, CA, 92109 $3,999,000 5 5 2,923 2,923 SqFt
4266 Morrell, San Diego, CA, 92109 $1,799,000 3 2 1,360 1,360 SqFt
1518 Monmouth Drive, San Diego, CA, 92109 $15,500 4 4 3,337 3,337 SqFt
3903 Haines, San Diego, CA, 92109 $2,850,000 5 -- 1,967 1,967 SqFt
3905 Haines, San Diego, CA, 92109 $2,975,000 5 5 1,967 1,967 SqFt
3901 Haines, San Diego, CA, 92109 $3,350,000 5 -- 2,207 2,207 SqFt
3535 Riviera Drive, San Diego, CA, 92109 $5,495,000 4 3 3,209 3,209 SqFt
1250 1254 Parker Place, San Diego, CA, 92109 $3,800,000 -- -- 3,773 3,773 SqFt
3286 88 Bayside Walk, San Diego, CA, 92109 $3,210,000 -- -- --
4111 Bayard Street, San Diego, CA, 92109 $4,875,000 6 5 4,612 4,612 SqFt

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ByOwner last updated this listing 06/23/2026 @ 11:48

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

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