Mission Beach Triplex with Assumable
For Sale
$1,999,900
Pending
818-820 Portsmouth Court, San Diego, CA 92109
Income-producing triplex steps from bay and ocean with assumable loan.
Property Size1,159 SF
Days on Market166
Property Features for 818-820 Portsmouth Court
General Information
Standard status
Pending
Size
1,159 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Mission Beach
Amenities
2 Story
N/K
3.0
2
3
4
Composition
Partial
1
Stucco
Building Details
Year Built
1985
Listing Agency:
Compass
Listed By:
Scott Booth · License #01397371
(858) 775-0280
Source:
Compass
Added: May 21
Changed: Oct 31
Last Checked: Nov 1 at 8:40AM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Mission Beach triplex offers a coastal investment opportunity. Located steps from both the bay and the ocean, this property includes a front 2-bed/1-bath house with a private deck, wood-burning fireplace, updated kitchen, in-unit laundry, and interior storage. Upstairs, two remodeled studios share a sunlit deck. An attached garage and a dedicated outdoor area for boards, bikes, and beach gear are included. All three units operate as active short-term rentals. The property has a proven 5.94% cap rate and consistent year-over-year performance. The property is located in San Diego's in-demand short-term rental market.
Key Highlights
- Assumable 2.75% Loan
- Proven Short‑Term Rental Income:** $207K average annual income with a 5.94% cap rate
- Prime Location:** Steps from both the bay and the ocean in Mission Beach
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Income-producing triplex steps from bay and ocean with assumable loan.
Where is this triplex located?
The property is located at 818-820 Portsmouth Court San Diego, CA.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: Assumable 2.75% Loan; Proven Short‑Term Rental Income:** $207K average annual income with a 5.94% cap rate; Prime Location:** Steps from both the bay and the ocean in Mission Beach
