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$ 1,999,900
Est. payment /mo
New
818-820 Portsmouth San Diego, CA 92109
4 Beds
3 Baths
1,159 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Mission Beach
MLS Listing ID 260012362
Bedrooms 4
Full Baths 3
Year Built 1985
Lot Size 1,159 Sqft
Property Sub-Type Res Income 2-4 Units
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 is the one worth moving on.
Location
State CA
County San Diego
Area Coastal South
Interior
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 423-592-21-00
Acceptable Financing Assumable, Cash, Conventional, Exchange, VA
Listing Terms Assumable, Cash, Conventional, Exchange, VA
Virtual Tour https://www.propertypanorama.com/instaview/snd/260012362
Listed by Keegan Wetzel, DRE#02153342 Real Broker