818 820 Portsmouth, San Diego, CA 92109

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
818 820 Portsmouth,San Diego, CA 92109
$1,999,900
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: keegan wetzel
Office: real broker855-450-0442
MLS#:260012362SD
Source:CRMLS

Price summary

  • Price:$1,999,900

About this home

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...

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Home facts

  • Year built:1985
  • Listing ID #:260012362SD
  • Added:43 day(s) ago
  • Updated:July 05, 2026 at 10:36 AM

Structure and exterior

  • Roof:Composition
  • Year built:1985
  • Lot area:0.03 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,999,900
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