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In-PersonVirtual Tour
$ 1,999,900
Est. payment /mo
Open 5/26 9AM-10AM
818-820 Portsmouth San Diego, CA 92109
1,158 Sqft Lot
Open House
Tue May 26, 9:00am - 10:00am
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Mission Beach
MLS Listing ID 260012362SD
HOA Y/N No
Year Built 1985
Lot Size 1,158 Sqft
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 92109 - Pacific Beach
Building/Complex Name NA
Interior
Cooling None
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4235922100
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/snd/260012362
Listed by Keegan Wetzel Real Broker #02153342
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