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813 Isthmus Ct - 813-15 Isthmus Court 2 Unit Apartment Building Offered at $3,895,000 at a 4.71% Cap Rate San Diego, CA 92109
Investment Highlights
- Developed in 1989 and fully remodeled in 2025
- Each unit features recently remodeled bathrooms, kitchens and bedrooms with high end finishes and modern designs
- Strong Rental Demand in one of San Diego’s premier coastal neighborhoods
- Comprised of four- and six-bedroom units with large residential floorplans
- Desirable Turnkey Unit Amenities including fully furnished, vaulted ceilings, private balconies, in-unit laundry, tankless water heaters
- Prime Mission Beach Location steps from the beach, boardwalk, dining, shopping, and entertainment
Executive Summary
We are pleased to present 813–815 Isthmus Court, a rare & highly renovated duplex investment opportunity located in the heart of Mission Beach, one of San Diego’s most desirable coastal neighborhoods. Situated on a 0.06-acre lot and totaling approximately 3,207 square feet, the property offers an exceptional combination of location, functionality, and income potential just steps from the Pacific Ocean.
The property consists of two fully furnished spacious turnkey residential units featuring a combined ten-bedroom layout. Each residence offers three bathrooms, vaulted ceilings, private balconies, in-unit stackable washer and dryers, tankless water heaters, and dual pain windows all under a new roof, creating an attractive living environment for both owner-occupants and renters. Both units include off street parking a highly valuable amenity in the Mission Beach market.
Positioned just steps from Belmont Park, the Mission Beach Boardwalk, Starbucks, restaurants, shopping, and world-class beaches, the property benefits from one of San Diego’s strongest coastal rental markets. The flexible configuration provides an opportunity for an owner-user to occupy one unit while generating income from the other, or for investors to capitalize on the area's strong long-term and vacation rental demand. With its premier location and unique unit composition, 813–815 Isthmus Court represents a compelling opportunity to acquire a well-positioned coastal asset in a high-barrier-to-entry market.
The property consists of two fully furnished spacious turnkey residential units featuring a combined ten-bedroom layout. Each residence offers three bathrooms, vaulted ceilings, private balconies, in-unit stackable washer and dryers, tankless water heaters, and dual pain windows all under a new roof, creating an attractive living environment for both owner-occupants and renters. Both units include off street parking a highly valuable amenity in the Mission Beach market.
Positioned just steps from Belmont Park, the Mission Beach Boardwalk, Starbucks, restaurants, shopping, and world-class beaches, the property benefits from one of San Diego’s strongest coastal rental markets. The flexible configuration provides an opportunity for an owner-user to occupy one unit while generating income from the other, or for investors to capitalize on the area's strong long-term and vacation rental demand. With its premier location and unique unit composition, 813–815 Isthmus Court represents a compelling opportunity to acquire a well-positioned coastal asset in a high-barrier-to-entry market.
Property Facts
| Price | $3,895,000 | Property Type | Multifamily |
| Price Per Unit | $1,947,500 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,207 SF |
| Cap Rate | 4.71% | No. Stories | 2 |
| Gross Rent Multiplier | 14.81 | Year Built/Renovated | 1989/2025 |
| No. Units | 2 |
| Price | $3,895,000 |
| Price Per Unit | $1,947,500 |
| Sale Type | Investment |
| Cap Rate | 4.71% |
| Gross Rent Multiplier | 14.81 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.06 AC |
| Building Size | 3,207 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2025 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | $7,600 | 1,283 |
| 6+3 | 1 | $10,800 | 1,924 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Exceptionally bikeable
90/100
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813 Isthmus Ct - 813-15 Isthmus Court
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