818 Portsmouth Ct - Multi-Family FOR SALE


San Diego, CA 92109- Mission Beach
$1,999,900 USD
858-409-6000
818 Portsmouth Ct, San Diego, CA for Sale
$1,999,900 USD
Multi-Family - FOR SALE
1/30
null | 6.89% Cap Rate

818 Portsmouth Ct
San Diego, CA 92109
Mission Beach


HIGHLIGHTS

  • ONLY date all 3-units are available to view for the Summer is 6/3
  • 3 years of consistent and proven financials
  • 1 car attached garage, laundry, outdoor storage area

OVERVIEW

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. ONLY date all 3-units are available to view for the Summer is 6/3. Contact Listing Agent now to schedule viewing. Download Financials below now! 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 6.89% cap rate (5.94% CAP including management) 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!

FOR SALE DETAILS

PRICE

$1,999,900 USD

PRICE/SF

$1,550 USD /SF

# OF UNITS

3

PRICE/UNIT

$666,633

CAP RATE

6.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

MBPD-R-N

APN/PARCEL ID

423-592-21-00

ASK ABOUT THIS PROPERTY

Keegan WetzelREAL Broker | The Wetzel GroupMore Info
858-409-6000

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Keegan WetzelREAL Broker | The Wetzel GroupMore Info
858-409-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.