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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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818-820 Portsmouth San Diego, CA 92109
$1,999,900 4 beds, 3 baths
0 sqft
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Photo of Dona Aumann

Dona Aumann REALTORĀ® - Sales Associate 858-752-7531 m
858-729-1094 o
Lic#: 01898410
NRDS ID: 196550369
daumann@bhhscal.com
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Lic#: 01898410
NRDS ID: 196550369
daumann@bhhscal.com
La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275
La Jolla Prospect 1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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Fax: 858-459-3275
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Agent Remarks

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! ONLY date all 3-units are available for the Summer is 6/3.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# 260012362
List price is $1,999,900
Beds: 4
Baths: 3 (3 full)
Built in 1985
2 stories
0.00 acres
Subdivision: MISSION BEACH
County: San Diego
Construction: Stucco
MLS area: Coastal South

Last Updated: 6/4/2026

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This listing belongs to the Coastal South MLS area

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Lat/Long: 32.783151, -117.252055.
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Listing Agent: Keegan Wetzel
Lic#: 01898410
Office Name: La Jolla Prospect

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Total population of , which has changed by % since 1990.
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Out of households, are families.

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Photo of Dona Aumann

Dona Aumann REALTORĀ® - Sales Associate 858-752-7531 m
858-729-1094 o
Lic#: 01898410
NRDS ID: 196550369
daumann@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01898410
NRDS ID: 196550369
daumann@bhhscal.com

La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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