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San Diego, CA

$3,025,000

722 724 Balboa, San Diego, CA
0
Baths
1990
Built
0
Days listed

About this home

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.

Facts & features

Interior
Bathrooms
0
Appliances
Tankless Water Heater
Heating
Forced Air
Cooling
Central Air
Levels
Three Or More
Spa
None
Exterior & lot
Lot size
0.057 acres (2,459 sq ft)
View
Ocean
Year built
1990
Community
Area
92109 - Pacific Beach
County
San Diego
Listing details
Status
Active
Property type
Residential Income
Days on market
0
Listed
2026-05-26
Terms
Cash, Conventional, Cal Vet Loan, FHA, Va Loan
Parcel #
4237251200
MLS #
260012700SD
Listed by
Fausto Gutierrez · First Reliant Inc

Price history

Listed
$3,025,000 · 2026-05-26
Days on market
0
Current price
$3,025,000
Financing

Could this home be yours?

Estimated monthly payment
$18,976
$15,296 principal & interest · $3,680 taxes & insurance
$605,000
Estimate only
Loan $2,420,000

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Listing data provided by CRMLS

Listing courtesy of First Reliant Inc. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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