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!
Property Details
Price:
$1,999,900
MLS #:
260012362SD
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
Mission Beach
Neighborhood:
92109pacificbeach
Listed Date:
May 21, 2026
Lot Size:
1,159 sqft / 0.03 acres (approx)
Year Built:
1985
See this Listing
Schools
Interior
Cooling
NO
Levels
U
Exterior
Fencing
PTL
Roof
CMP
Financial
Map
Community
- Address820 Portsmouth San Diego CA
- SubdivisionMission Beach
- CitySan Diego
- CountySan Diego
- Zip Code92109
Subdivisions in San Diego
- Bay Park
- BP
- Carmel Mountain Ranch
- Carmel Valley
- Casa Dorado 32501
- CAV
- CH
- Chula Vista
- City Heights
- Civita CIVI
- Clairemont
- CLM
- College Grove
- Crown Point
- Del Cerro
- Downtown
- Downtown Area DOWN
- DWTN
- East San Diego
- Encanto
- ENCTO
- Escala ESCL
- Hillcrest
- Imperial Beach
- Kearny Mesa
- Kensington
- La Jolla
- La Mesa
- Linda Vista
- Logan Heights
- LV
- Middletown
- Mira Mesa
- Mirador MIRD
- Mirasol MIR
- Mission Beach
- Mission Hills
- Mission Valley
- Mission Village
- Mount Helix
- Normal Heights
- North Park
- NP
- Ocean Beach
- Old Town
- Pacific Beach
- Paradise Hills
- Park Villas PKVL
- Park Vista PV
- Point Loma
- Poway
- Rancho Bernardo
- Rancho Pacifica 1 261701
- Rancho Penasquitos
- Rancho Santa Fe
- Sabre Spr
- San Carlos
- San Diego
- San Ysidro
- SANT
- Santaluz
- Scripps Ranch
- SD
- Serra Mesa
- Smoke Tree SMTR
- South Sd
- Stonebridge 3700
- Talmadge
- The Lakes LK
- Tierrasanta
- Torrey Highlands
- University City
- University Heights
- Villa Portofino 32283
- Woodcrest WT
Market Summary
Current real estate data for Single Family in San Diego as of Jun 14, 2026
1,964
Single Family Listed
66
Avg DOM
608
Avg $ / SqFt
$1,318,018
Avg List Price
Property Summary
- Located in the Mission Beach subdivision, 820 Portsmouth San Diego CA is a Single Family for sale in San Diego, CA, 92109. It is listed for $1,999,900 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1985. The average price per square foot for Single Family listings in San Diego is $608. The average listing price for Single Family in San Diego is $1,318,018.
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820 Portsmouth
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