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 Market101
Property Features for 818-820 Portsmouth Court
General Information
Standard status
Pending
Size
1,159 SF
Property subtype
Residential Income
Amenities
2 Story
N/K
3.0
2
3
4
Composition
Partial
1
Stucco
Building Details
Year Built
1985
Listing Agency:
RE/MAX Coastal Properties
(858) 775-0280
Listed By:
Scott Booth · License #01397371
(858) 775-0280
Source:
Compass
Added: May 21
Changed: Aug 25
Last Checked: Aug 28 at 6:28PM
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 RE/MAX Coastal Properties
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
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
