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Gated Three-Unit Coastal Compound
For Sale
$1,990,000
Pending

844 48 Isthmus Ct, San Diego, CA 92109

Three separate residences with assigned parking and alley access within a gated compound near the Mission Beach Boardwalk.

Property SizeContact for details
Days on Market54

Property Features for 844 48 Isthmus Ct

General Information

Standard status Pending
Property subtype Investment

Additional Details

Multifamily Units 3

Building Details

Year Built 1956
Stories 2
Units 3
Listing Agency:
Listed By: Michelle Tharayil
Source: Elliman
Added: Jun 20 Changed: Aug 8 Last Checked: Aug 12 at 6:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michelle Tharayil

Investment Insights

Based on property information with market context.

This gated three-unit property is set up as a main residence plus two private studios, each with its own outdoor space. The main home features two bedrooms and 1.5 baths, in-unit laundry, and a two-car garage. A gated courtyard entry, an elevated entertaining deck, and a rear courtyard help define outdoor separation between the main residence and the studios. All units have alley access and assigned parking, supporting practical privacy and independent arrival.

The property is positioned steps from the Mission Beach Boardwalk. It is described as minutes to Belmont Park, Mission Bay, and Pacific Beach, placing everyday coastal amenities within close reach.

With all three units operating on month-to-month terms, the property offers flexibility for a new owner who may want to occupy one unit while keeping the remaining studios separately leased, or consider using one or more units for short-term stays, subject to applicable rules. The compound-style layout, shared gated approach, and multiple outdoor areas can appeal to tenants and owners looking for a self-contained residential setup in a walkable coastal area.

Key Highlights

  • Three‑unit gated compound built in 1956, steps from the Mission Beach Boardwalk.
  • Main residence: 2 bed, 1.5 bath with in‑unit laundry and a 2‑car garage.
  • Two private studios, each with its own outdoor space.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Law Firm Building Supply Hair Salon Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

451
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three separate residences with assigned parking and alley access within a gated compound near the Mission Beach Boardwalk.
Where is this triplex located?
The property is located at 844 48 Isthmus Ct San Diego, CA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Three‑unit gated compound built in 1956, steps from the Mission Beach Boardwalk.; Main residence: 2 bed, 1.5 bath with in‑unit laundry and a 2‑car garage.; Two private studios, each with its own outdoor space.
More about this property
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