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For sale
  • $3,025,000

    722-724 Balboa Ave, San Diego, CA 92109

    6beds
    --sqft
    : 
    $20,100/mo
    Get pre-qualified
    Multi Family
    Built in 1990
    -- sqft lot
    $2,869,600 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Impressive lower unitExpansive upper unit
    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.
    74 days
    |
    986
    |
    53
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Fausto A Gutierrez DRE #01926859 619-666-3592,

    First Reliant Inc

    Source: SDMLS,MLS#: 260012700MLS LogoOriginating MLS: SDMLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • Forced Air Unit
      Cooling
      • Central Forced Air
      Interior area
      • Total structure area: 0

      Property

      Features
      • Levels: 3 Story
      • Spa features: N/K
      • Fencing: Partial
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      Lot
      • Size: 2,459 Square Feet
      Details
      • Parcel number: 4237251200

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood
      • Roof: Composition
      Condition
      • Year built: 1990

      Utilities & green energy

      • Water: Meter on Property
      • Utilities for property: Sewer Connected

      Community & HOA

      Community
      • Features: BBQ, Laundry Facilities
      • Security: N/K
      • Subdivision: MISSION BEACH
      HOA
      • Services included: N/K
      Location
      • Region: San Diego

      Financial & listing details

      • Date on market: 5/26/2026
      • Listing terms: Cal Vet,Cash,Conventional,FHA,VA
      • Tenant pays: N/K

        Estimated market value

        $2,869,600

        $2.73M - $3.01M

        $6,578/mo

        Price history

        DateEventPrice
        5/26/2026Listed for sale$3,025,000
        Source: SDMLS #260012700 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Mission Beach

        Getting around

        59 / 100
        Somewhat Walkable
        28 / 100
        Some Transit
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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