619-985-2726

818-820 Portsmouth, San Diego, CA 92109

$1,999,900 Approx. USD 4 beds, 3 baths

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Marketed By McKay & Associates

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Marketed By Molly Haines McKay REALTOR® - Broker Associate 619-985-2726 m
619-985-2726 o
Lic#: 01876062
NRDS ID: 196545610
mollyhainesmckay@gmail.com Coronado Village Office
101 Orange Ave
Coronado, CA 92118
Phone: 619-435-0101
Fax: 619-437-1762

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Listing Agent

Keegan Wetzel
Lic#: 02153342
Broker: Courtesy of Real Broker
Phone: 708-256-7904

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! 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 Details

Property type: Res Income 2-4 Units (Multi-Family)

Status: PENDING

MLS# 260012362

Price: $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: 7/6/2026

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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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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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