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818-820 Portsmouth , San Diego, CA 92109
$1,999,900
Est. Payment: $10,098.91/mo
4 Bed
3 Bath
0 Sqft
Status: pending | Days on site: 46
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House 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 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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Highlights

Listed by Keegan Wetzel , 708-256-7904 Real Broker , 855-450-0442. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.03

Year Built

1985

County

San Diego

Area

Coastal South

 Neighborhood

Mission Beach

Listing ID

260012362

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Air Cond:N/K
Fireplaces:

Exterior Features

Roof:Composition
Principal Interest
$10,099
Taxes
$1,275

Home Price

$1,999,900

Loan Details

30 yrs
6.487%

Down Payment

20%
$399,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,098.91

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,098.91 $1,274.94 $0.00 $11,373.84
Yearly $121,186.90 $15,299.24 $0.00 $136,486.13
Total $3,635,606.93 $458,977.05 $0.00 $4,094,583.98

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-08-10T22:38:39.000Z

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