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Residential Income for sale : 6 bedrooms : 722-724 Balboa in San Diego

722-724 Balboa San Diego

Main Photo: Residential Income for sale : 6 bedrooms : 722-724 Balboa in San Diego
$3,025,000
Prop. Type:
Residential Income
MLS® Num:
260012700
Status:
Active
Bedrooms:
6
Bathrooms:
5
Year Built:
1990
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.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
1
County Or Parish:
San Diego
Market Area:
Coastal South
Neighborhood Code:
Mission Beach
Name of Complex/Subdivision:
MISSION BEACH
Building Name:
Mission Beach
Total Building Area:
Switch units of measure0 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
6
Bathrooms:
5
Full Bathrooms:
5
Half Bathrooms:
0
Stories:
3 Story
Total Stories:
3
Year Built:
1990
Age (in years):
Switch units of measure36 year(s)
Short Sale:
false
Home Owner Fees:
$0
Home Owner Fees Include:
N/K
Mello Roos Fee:
$0
Other Fees:
$0
Other Fee Type:
N/K
Monthly Total Fees:
$0
Terms:
Cal Vet, Cash, Conventional, FHA, VA
Cap Rate.:
0.0
Gross scheduled income:
160000.0
Other income actual:
0
Operating expense:
0.0
Gross Rent Multiplier:
0.0
Number of Units:
2
Number of Units with Cooling:
2
Tenant pays:
N/K
Projected Rent for Unit 1:
$5,000
Projected Rent for Unit 2:
$6,500
Site Influences:
Alley Access, Sidewalks
View:
Ocean
Complex Features:
BBQ, Laundry Facilities
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Miscellaneous:
N/K
Construction Material:
Wood
Lot Size:
Switch units of measure0 sq. ft.
Parcel Number:
4237251200
Heating:
Forced Air Unit
Cooling:
Central Forced Air
Utilities:
Sewer Connected
Spa Features:
N/K
Roof:
Composition
Security:
N/K
Telecommunications:
N/K
Water supply:
Meter on Property
Irrigation:
N/K
Fencing:
Partial
Possession Details:
Close of Escrow
Listed by First Reliant Inc
Data was last updated June 12, 2026 at 07:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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