818-820 Portsmouth San Diego, CA 92109

Building Details

Year Built

1985

Listing office Real Broker LLC

Listing date May 21, 2026

Source Crexi

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 Real Broker LLC

Report an issue

---

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 Location Intelligence

Similar For Sale Nearby

• 

  $2,669,000

  3,800 SF

  Three-Story Mixed-Use Building

  Versatile mixed-use structure with independently accessible floors and onsite parking, ideal for owner-users and tenants.

  2368 2nd AVE, San Diego, CA 92101

  View Details
• 

  $1,895,000

  2,900 SF

  Upgraded 4-Unit Detached Quadplex

  Four individually metered, detached residences with dedicated off-street parking and recent major improvements.

  4847-53 Mansfield Street, San Diego, CA 92116

  View Details
• 

  $900,000

  Mixed-Use Corner Commercial Property

  Dual-address corner storefront with separate entrances supports retail, office, medical, or creative use options.

  3275 Euclid, San Diego, CA 92105

  View Details
• 

  $8,995,000

  9,112 SF

  San Diego Multifamily Investment Opportunity

  NNN leased 26-unit property with repositioning potential.

  4017 42nd St, San Diego, CA 92105

  View Details
• 

  $1,055,000

  Freestanding Office Building with Parking

  Freestanding office building operating as a mortuary, with chapel/viewing space and rear access plus on-site parking.

  6334 University Avenue, San Diego, CA 92115

  View Details
• 

  $2,495,000

  1,900 SF

  South Ocean Beach Triplex

  Triplex with three units, direct entry, private yards, upgraded windows, granite counters, and independent electric meters.

  4985-89 Narragansett Ave, San Diego, CA 92107

  View Details
• 

  $2,295,000

  4,148 SF

  Hillcrest Multifamily Investment Opportunity

  Classic 6-unit apartment building in San Diego's vibrant Hillcrest neighborhood.

  3409-21 5th Avenue, San Diego, CA 92103

  View Details
• 

  $599,000

  2,328 SF

  Fixer-Upper Duplex with Corner Lot Access

  Two-unit duplex on a corner lot with alley access and separate yard/parking for flexible resident or redevelopment use.

  3186 Logan Avenue, San Diego, CA 92113

  View Details
• 

  $1,799,000

  3,163 SF

  Two Detached Homes on Corner Lot

  Two detached homes on a large corner lot in San Diego.

  2306 Modesto St, San Diego, CA 92105

  View Details
• 

  $4,900,000

  12,064 SF

  Townhome-Style Multifamily Property

  Fourteen remodeled townhome units with fenced private yards, indoor laundry, and ample parking across two buildings.

  1054-1058 OUTER ROAD, San Diego, CA 92154

  View Details
• 

  $1,350,000

  1,662 SF

  Updated Craftsman Duplex with ADU

  Craftsman-style main home plus a newly built detached ADU with in-unit laundry and extensive 2020–2024 upgrades.

  4493-95 Arizona St, San Diego, CA 92116

  View Details
• 

  $4,890,000

  3,750 SF

  Mixed-Use Corner Property with Office

  Five-unit mixed-use asset with a long-term leased office and extensively remodeled residential units, plus upgraded building systems.

  110 Maple, San Diego, CA 92103

  View Details

FAQs

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 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