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.
- Heating System:
- Forced Air Unit
- Cooling System:
- Central Forced Air
- Fence:
- Partial
- Utilities:
- Sewer Connected
- 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
- Office Name:
- First Reliant Inc
- Agent Name:
- Fausto A Gutierrez
- 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
- Association Fee Includes:
- N/K
- 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
- 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