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Listed by First Reliant Inc, Fausto A Gutierrez, Listing Contact: 619-666-3592 
6 Beds
5 Baths

$3,025,000

722-724 Balboa, San Diego CA, 92109

Built in1990
Property typeMulti-family

Overview

Active

Listed May 26, 2026

Updated Aug 11

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.

$20,125/mo

Est. mortgage payment based on a $3,025,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
260012700

Interior Features

Bedrooms
6
Bathrooms
5
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

View
Yes

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Data last updated 5:04 AM UTC, 8/11/2026

   

 

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