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$1,999,900
66 Days On Site

818-820 Portsmouth
San Diego, CA 92109

Multi Family|Pending
4
Beds
3
Total Baths
3
Full Baths

SqFt

/SqFt
1985
Built
Subdivision:
MISSION BEACH
County:
San Diego
Listed by Keegan Wetzel of Real Broker (708) 256-7904
Call Now: (408) 868-2620
Is this the listing for you? We can help make it yours.
(408) 868-2620
818-820 Portsmouth818-820 Portsmouth818-820 Portsmouth818-820 Portsmouth
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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! All units will be available to see Monday, 6/15 at 4 PM. Multiple offers received - A few counteroffers sent but none accepted as of 6/13 you still have time to submit - Calling for all offers now!

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Listing Snapshot
Price 
$1,999,900
Days On Site 
66 Days
Bedrooms 
4
Inside Area (SqFt) 
0.0 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1985
MLS® Number 
260012362
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoStatus changed to Pending
2 months agoListing first seen on site
General Features
Number Of Stories 
2
Property Sub Type 
Multi Family
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Exterior Features
Construction Details 
Stucco
Fencing 
Partial
Roof 
Composition
Community Features
Financing Terms Available 
AssumableCashConventionalVA Loan
MLS Area 
Coastal South
Listed by Keegan Wetzel of Real Broker (708) 256-7904



This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2026 San Diego MLS®.

Last checked 2026

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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*Estimate only. Actual rebate may vary based on final price, lender requirements, MLS rules, and broker policies.

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