Triplex with Short-Term Rental
818-820 Portsmouth San Diego, CA 92109
818-820 Portsmouth, San Diego, CA, 92109
$1,999,900
Pending
For Sale
$1,999,900
Pending
MULTI_FAMILY - San Diego, CA
Lot Size0.03 Acres
Days on Market63
Property Features for 818-820 Portsmouth
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2
- Standard status
- Pending
- APN
- 423-592-21-00
- Lot size
- 0.03 Acres
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Composition
Listing agency
Real Broker
(855) 450-0442
Listed by
Keegan Wetzel · License #02153342
(708) 256-7904
Added: May 21 Updated: Jul 15 at 3:29AM Checked: Jul 22 at 10:06AM
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 includes a front 2-bedroom, 1-bath house and two upstairs studio units. The front home features a private deck, a wood-burning fireplace, an updated kitchen, in-unit laundry, and ample interior storage. The two upstairs studios have been remodeled and share a sunlit deck.
The property is located at 818-820 Portsmouth in San Diego, CA 92109, and is described as being near the bay and the ocean in the Mission Beach area. An attached garage and a dedicated outdoor area are included for boards, bikes, and beach gear.
All three units are currently operated as active short-term rentals. The listing provides that the property has three years of financials averaging $207,000 in annual income, and references a 2.75% assumable loan. The offering is positioned for an investor seeking three income-producing doors, or a buyer who may want to occupy one unit while the others generate rental revenue. Scheduled availability for showings is stated for Monday, 6/15 at 4 PM, and the remarks indicate multiple offers received with some counteroffers sent as of 6/13.
The property is located at 818-820 Portsmouth in San Diego, CA 92109, and is described as being near the bay and the ocean in the Mission Beach area. An attached garage and a dedicated outdoor area are included for boards, bikes, and beach gear.
All three units are currently operated as active short-term rentals. The listing provides that the property has three years of financials averaging $207,000 in annual income, and references a 2.75% assumable loan. The offering is positioned for an investor seeking three income-producing doors, or a buyer who may want to occupy one unit while the others generate rental revenue. Scheduled availability for showings is stated for Monday, 6/15 at 4 PM, and the remarks indicate multiple offers received with some counteroffers sent as of 6/13.
Key Highlights
- Mission Beach tri‑plex built in 1985 with a composition roof
- Assumable 2.75% loan; three years of financials average about $207K annual income
- All three units operate as active short‑term rentals with a proven 5.94% cap rate and consistent year‑over‑year performance
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three rental units feature decks, remodeled studio space, in-unit laundry, and an attached garage for tenant and owner convenience.
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: Mission Beach tri‑plex built in 1985 with a composition roof; Assumable 2.75% loan; three years of financials average about $207K annual income; All three units operate as active short‑term rentals with a proven 5.94% cap rate and consistent year‑over‑year performance
