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$3,025,000
722-724 Balboa, San Diego, CA 92109
First Reliant Inc
MLS® 260012700
6Beds
5Baths
1990Built
0Days Listed
About This Property
Rare Coastal Duplex | 3 Homes from the Ocean | South Mission Beach Welcome to your slice of San Diego beach paradise. This exceptional beachside duplex places you just three homes from the sand — close enough to hear the waves, yet tucked in a coveted residential pocket of South Mission Beach. Set on a generous 2,459 sq ft lot — the property offers 2 beautifully appointed units designed for luxurious living & outstanding income potential. The Residences consist of an expansive upper unit which features 3 bedrooms, a bonus room, & 3 full bathrooms, crowned by a sweeping outdoor deck where ocean views and sea breezes make every day feel like a vacation. The equally impressive lower unit offers 3 bedrooms, 2 full bathrooms, & a large private patio perfect for al fresco entertaining. An Investor’s Dream as this property has the most difficult to obtain & coveted Tier 4 short-term rental license. Whether you’re seeking a premier vacation rental, long-term tenants, or the best of both worlds, the income potential here is exceptional. Practical upgrades include 3 parking spaces & 2 newer A/C units, ensuring comfort and convenience for residents and guests alike. Live Here. Earn Here. The flexible dual-unit layout creates a compelling owner-occupant opportunity — live in one unit and let the other generate income that offsets your costs & then some. The location is steps from the sand & surf, and moments from Mission Beach’s best dining, nightlife, & parks. This address delivers the ultimate coastal lifestyle with unmatched investment versatility.
Fausto A GutierrezFirst Reliant Inc619-666-3592MLS® 260012700
Property Location
Map
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 6
- Bathrooms
- 5
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 1990
- Status
- Active
- Days on Market
- 0
- Cumulative Days on Market
- 0
- Original Price
- $3,025,000
- MLS® Number
- 260012700
Location & Neighborhood
What's nearby 722-724 Balboa, San Diego, CA 92109
Nearby Schools
- Assigned
- Assigned
- Assigned
- Pioneer Programs-Community School Of San Diego Hig1.2 mi
K-12 School • Private • K–12
- Community School Of San Diego1.2 mi
K-12 School • Private • K–12
- Ocean Beach Elementary1.2 mi
Elementary School • Public • K–4
- Correia Middle1.5 mi
Middle School • Public • 7–8
- Warren-Walker School2.0 mi
Elementary School • Private • K–6
Parks & Recreation
- 0.2 mi
- 0.3 mi
- 0.4 mi
Local Amenities
Dining
- Cannon Ball0.5 mi
- Draft0.5 mi
POI data updated 7/19/2026
San Diego Market Snapshot
3,130
Active Listings
$787K
Median Price
30
Avg Days on Market
Last updated: May 26, 2026
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
$3,025,000