818-820 Portsmouth

Sun, sand, and serious cash flow. This Mission Beach tri-plex delivers the ultimate SoCal lifestyle investment. Just steps from both the bay and the ocean, the property features a charming 2-bed/1-bath house with a private deck, wood-burning fireplace, updated kitchen, in-unit laundry, and plenty of storage for all the boards and gear that come with beach life. Upstairs, two remodeled studios open onto a large sunny deck, perfect for the kind of mornings and evenings that make Mission Beach one of San Diego's most coveted short-term rental markets. All three units operate as active short-term rentals, generating strong consistent income with a 5.94% cap rate. Whether you're an investor looking to add a performing coastal asset or a buyer ready to live the beach life while your tenants cover the mortgage, the unit mix here gives you options. Opportunities like this, three income-producing doors in one of San Diego's tightest coastal markets, rarely come around.