Property Description

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 proven 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! ONLY date all 3-units are available for the Summer is 6/3.

Features
Cooling System:
N/K
Fence:
Partial
Address Map
Country:
US
State:
CA
County:
SD
City:
San Diego
Community:
MISSION BEACH
Zipcode:
92109
Street:
Portsmouth
Street Number:
818-820
Longitude:
W118° 44' 52.6''
Latitude:
N32° 46' 59.3''
Mls Area Major:
Coastal South
Additional Info
Office Name:
Real Broker
Agent Name:
Keegan Wetzel
Additional Information
Construction Materials:
Stucco
Levels:
2 Story
Number Of Units Total:
3
On Market Date:
2026-05-21
Stories Total:
2
Virtual Tour:
https://www.propertypanorama.com/instaview/snd/260012362
Listing Information
List Agent Mls Id:
698508
List Office Mls Id:
7899
Listing Term:
Assumable,Cash,Conventional,Exchange,VA
Mls Status:
ACTIVE
Modification Timestamp:
2026-06-08T21:08:37Z
Originating System Name:
SDMLS
Special Listing Conditions:
N/K

Residential Income

818-820 Portsmouth, San Diego, CA 92109

4 Bedrooms
3 Bathrooms
$1,999,900
Listing ID #260012362
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
260012362
Price :
$1,999,900
Bedrooms :
4
Bathrooms :
3
Year Built :
1985
Status :
Active
Full Bathrooms :
3
Property Sub Type :
Res Income 2-4 Units
Roof:
Composition
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