820 Portsmouth
San Diego, CA, 92109
$1,999,900
Beds
0 Baths
0 SqFt
0.03 Acres
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MLS #260012362SD image #0
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:
Pending
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
92109 – Pacific Beach92109pacificbeachMission Beach

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Schools

Interior

Cooling
NO
Levels
U

Exterior

Fencing
PTL
Roof
CMP

Financial

Net Operating Income
$134,921

Map

Community

Market Summary

Current real estate data for Single Family in San Diego as of Aug 21, 2026
2,052
Single Family Listed
76
Avg DOM
569
Avg $ / SqFt
$1,218,371
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 $569. The average listing price for Single Family in San Diego is $1,218,371.

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