722-724 Balboa, San Diego, CA 92109 - Photo 1 of 50, San Diego, CA
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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

Local Amenities

Dining

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