818 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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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!

Highlights

Listed by Keegan Wetzel , 708-256-7904 Real Broker , 855-450-0442. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

1985

County

San Diego

Area

92109 - Pacific Beach

Neighborhood

Mission Beach

Listing ID

260012362SD

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:3
  • Full Bathrooms:

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Roof:Composition
Others:2+ Total Units
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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Market insight data is pulled from the same city as the listing being viewed (San Diego, CA).

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.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-10T22:37:46.000Z

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