Property Description

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.

Features
Heating System:
Forced Air Unit
Cooling System:
Central Forced Air
Fence:
Partial
Utilities:
Sewer Connected
Address Map
Country:
US
State:
CA
County:
SD
City:
San Diego
Community:
MISSION BEACH
Zipcode:
92109
Street:
Balboa
Street Number:
722-724
Longitude:
W118° 44' 53.9''
Latitude:
N32° 45' 45.4''
Mls Area Major:
Coastal South
Additional Info
Office Name:
First Reliant Inc
Agent Name:
Fausto A Gutierrez
Additional Information
Community Features:
BBQ, Laundry Facilities
Construction Materials:
Wood
Levels:
3 Story
Number Of Units Total:
2
On Market Date:
2026-05-26
Stories Total:
3
Water Source:
Meter on Property
Financial
Association Fee Includes:
N/K
Listing Information
List Agent Mls Id:
660058
List Office Mls Id:
4625
Listing Term:
Cal Vet,Cash,Conventional,FHA,VA
Mls Status:
ACTIVE
Modification Timestamp:
2026-05-26T20:56:48Z
Originating System Name:
SDMLS
Special Listing Conditions:
N/K

Residential Income

722-724 Balboa, San Diego, CA 92109

6 Bedrooms
5 Bathrooms
$3,025,000
Listing ID #260012700
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
260012700
Price :
$3,025,000
View :
Ocean
Bedrooms :
6
Bathrooms :
5
Year Built :
1990
Status :
Active
Full Bathrooms :
5
Property Sub Type :
Res Income 2-4 Units
Roof:
Composition
Contact Agent
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$