About 722-724 Balboa
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 of 722-724 Balboa
| MLS® # | 260012700 |
|---|---|
| Price | $3,025,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Year Built | 1990 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Active |
Community Information
| Address | 722-724 Balboa |
|---|---|
| Area | San Diego (92109) |
| Subdivision | Mission Beach |
| City | San Diego |
| County | San Diego |
| State | CA |
| Zip Code | 92109 |
Amenities
| Amenities | BBQ,Laundry Facilities |
|---|---|
| Utilities | Sewer Connected |
| View | Ocean |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Forced Air Unit |
|---|---|
| Cooling | Central Forced Air |
| Fireplace | Yes |
| Stories | 3 Story |
Exterior
| Lot Description | Alley Access,Sidewalks |
|---|---|
| Roof | Composition |
| Construction | Wood |
Fees
| Other Fees | $0 |
|---|
Additional Information
| Date Listed | May 26th, 2026 |
|---|---|
| Days on Market | 71 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Office | First Reliant Inc |
