FSBO
FSBO - For Sale
$1,999,900
For Sale by Owner
Listed 3 months ago
4BR Multi-Family for Sale in San Diego, CA
818-820 Portsmouth, San Diego, CA 92109
4 Beds
3 Bath
Built 1985
PropSlick Verified Data
Key facts & insights for this exact address
1985
Year Built
$21,836
Property Tax / yr
1,159 sf
Lot Size
San Diego
County
Key Facts
Property TypeMulti-Family
Year Built1985
Lot Size1,159 sq ft
Annual Property Tax$21,836
Property Description
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!
Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.
Amenities and Features
Washer/Dryer
Balcony/Deck
Property Location
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