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Triplex with Short-Term Rentals
For Sale
$1,999,900
Pending

818-820 Portsmouth, San Diego, CA 92109

MULTI_FAMILY - San Diego, CA

Property SizeContact for details
Lot Size0.03 Acres
Days on Market98

Property Features for 818-820 Portsmouth

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4
Subdivision MISSION BEACH
Standard status Pending
APN 423-592-21-00
Lot size 0.03 Acres

Amenities

private deck
wood-burning fireplace
updated kitchen
in-unit laundry
sunlit deck
attached garage
dedicated outdoor area
ample interior storage

Building Details

Year built 1985
Floors in Building 2
Number of units 3
Roof type Composition
Listing Agency: Real Broker
Listed By: Keegan Wetzel · License #02153342
Added: May 21 Changed: Aug 18 Last Checked: Aug 26 at 6:06AM
MLS# 260012362

Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex built in 1985 is configured as three active short-term rentals. The front unit is a 2-bedroom, 1-bath house with a private deck, wood-burning fireplace, updated kitchen, in-unit laundry, and ample interior storage. Upstairs, two studios share a sunlit deck. An attached garage and a dedicated outdoor area for beach gear round out the setup for guest use.

The property consists of three income-producing doors and has reported a proven 5.94% cap rate with consistent year-over-year performance, supported by three years of available financials. An assumable loan is also part of the offering.

All units are available to see Monday, 6/15 at 4 PM.

Key Highlights

  • Three active short‑term rental units totaling three income‑producing doors
  • Front 2‑bedroom, 1‑bath house with private deck, wood‑burning fireplace, updated kitchen, and in‑unit laundry
  • Two remodeled upstairs studios with a shared sunlit deck

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Daycare Center Building Supply Plumbing Service Garden Center Locksmith

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

686
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex with composition roof and three active short-term rental units, including a front 2-bedroom home and two studios.
Where is this triplex located?
The property is located at 818-820 Portsmouth 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: Three active short‑term rental units totaling three income‑producing doors; Front 2‑bedroom, 1‑bath house with private deck, wood‑burning fireplace, updated kitchen, and in‑unit laundry; Two remodeled upstairs studios with a shared sunlit deck
More about this property
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