Ad #7763357
MLS #260012362
Yes, you read that right: a 2.75% assumable loan paired with
818-820 Portsmouth, San Diego, CA 92109
$1,999,900
4Beds
3Baths
--Sqft
0.03Acres
About this property
Yes, you read that right: a 2.75% assumable loan paired with three years of financials averaging $207K in annual income. Welcome to a Mission Beach tri-plex that does the math for you. Tucked just steps from both the bay and the ocean, this coastal investment delivers true SoCal lifestyle appeal. The front 2-bed/1-bath house offers a private deck, wood-burning fireplace, updated kitchen, in-unit laundry, and ample interior storage. Upstairs, two beautifully remodeled studios share a sunlit deck made for slow mornings and golden-hour evenings. An attached garage and a dedicated outdoor area for boards, bikes, and beach gear round out the package, giving guests (and owners) everything they need to live the Mission Beach lifestyle. All three units run as active short-term rentals with a proven 5.94% cap rate and consistent year-over-year performance. Whether you're an investor expanding a coastal portfolio or a buyer planning to live in one unit while the others cover the mortgage, the assumable financing alone makes this a rare opportunity. Three income-producing doors, one of San Diego's most in-demand STR markets, and a financing structure that simply doesn't exist in today's rate environment, this one will not last! All units will be available to see Monday, 6/15 at 4 PM. Multiple offers received - A few counteroffers sent but none accepted as of 6/13 you still have time to submit - Calling for all offers now!
Property Features
4 Beds
3 Baths
0 Sqft
Built in 1985
0.03 Acres
2 Stories
Composition Roof
San Diego County
MISSION BEACH Community
Additional Photos
Contact Information
Keegan Wetzel
Real Broker
708-256-7904
Location
Listing Agent: Keegan Wetzel (License #: 02153342) 708-256-7904
Broker: Real Broker 619-248-6434 Listing Site
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.
Broker: Real Broker 619-248-6434 Listing Site
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.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$1,999,900
4
Beds
3
Baths
--
Sqft
818-820 Portsmouth, San Diego, CA 92109
By contacting this agent you agree to these Terms and Conditions.
MLS# 260012362
Yes, you read that right: a 2.75% assumable loan paired with
$1,999,900
818-820 Portsmouth, San Diego, CA 92109
4
Beds
3
Baths
--
Sqft
0.03
Acres
$1,999,900
818-820 Portsmouth, San Diego, CA 92109
4 Beds
3 Baths
-- Sqft
0.03 Acres
Yes, you read that right: a 2.75% assumable loan paired with three years of financials averaging $207K in annual income. Welcome to a Mission Beach tri-plex that does the math for you. Tucked just steps from both the bay and the ocean, this coastal investment delivers true SoCal lifestyle appeal. The front 2-bed/1-bath house offers a private deck, wood-burning fireplace, updated kitchen, in-unit laundry, and ample interior storage. Upstairs, two beautifully remodeled studios share a sunlit deck made for slow mornings and golden-hour evenings. An attached garage and a dedicated outdoor area for boards, bikes, and beach gear round out the package, giving guests (and owners) everything they need to live the Mission Beach lifestyle. All three units run as active short-term rentals with a proven 5.94% cap rate and consistent year-over-year performance. Whether you're an investor expanding a coastal portfolio or a buyer planning to live in one unit while the others cover the mortgage, the assumable financing alone makes this a rare opportunity. Three income-producing doors, one of San Diego's most in-demand STR markets, and a financing structure that simply doesn't exist in today's rate environment, this one will not last! All units will be available to see Monday, 6/15 at 4 PM. Multiple offers received - A few counteroffers sent but none accepted as of 6/13 you still have time to submit - Calling for all offers now!
82 days
on BeachHouse.com
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Property Details
HOME DETAILS
4 Beds
3 Baths
0 Sqft
Built in 1985
0.03 Acres
2 Stories
EXTERIOR
Composition Roof
FINANCIAL & COMMUNITY
San Diego County
MISSION BEACH Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7763357
Viewed
77 times
Listing Status
Pending
Added
May 21, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
San Diego MLS
Source Property ID
260012362
Listing Agent: Keegan Wetzel (License #: 02153342) 708-256-7904
Broker: Real Broker 619-248-6434 Listing Site
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.
Broker: Real Broker 619-248-6434 Listing Site
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.
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