818-820 Portsmouth, San Diego, CA 92109
818-820 Portsmouth, San Diego, CA 92109
818-820 Portsmouth, San Diego, CA 92109
818-820 Portsmouth, San Diego, CA 92109
818-820 Portsmouth, San Diego, CA 92109
818-820 Portsmouth, San Diego, CA 92109
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Evelhya Morales

Evelhya Morales

+1(619) 250-4016
$ 1,999,900
Est. payment | /mo

4 Beds

3 Baths

1,159 Sqft Lot

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$ 1,999,900
Est. payment | /mo
Save Virtual Tour

4 Beds

3 Baths

1,159 Sqft Lot

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

MLS Router / San Diego MLS
Listed by Keegan Wetzel, DRE#02153342 Real Broker 

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Evelhya Morales

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818-820 Portsmouth