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.
Listed by Fausto Gutierrez
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License #01926859
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First Reliant Inc
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619-666-3592
Last updated June 12, 2026
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Source: CRMLS #260012700SD
Listing Facts
TypeMulti-family
NeighborhoodMission Beach
Days on Prevu22
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
05/26/2026
Listed by First Reliant Inc
$3,025,000
Property Details for 722 724 Balboa
Exterior
Construction
Number Of Units Total: 2
Roof: Composition
Stories Total: 3
Year Built: 1990
Features
Fencing: Partial
View: Ocean
Measurements
Lot Size Acres: 0.05
Lot Size Area: 2,459
Lot Size Source: Other
Lot Size Square Feet: 2,459
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 4237251200
Interior
Features
Appliances: Tankless Water Heater
Spa: Yes
Other
Location
Subdivision Name: Mission Beach
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Forced Air
Has Heating: Yes
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 722 724 Balboa.
How does 722 724 Balboa compare to other multi-family homes in Mission Beach?
This multi-family home is listed 22% below the average price for multi-family homes in Mission Beach and has been on the market for 19 less days than the typical home in this area.
722 724 Balboa is a -bedroom multi-family home for sale in San Diego CA 92109. Listed on Prevu for 22 days at $3,025,000. This residence is located in Mission Beach. The median listing price for multi-family homes in this area is $1,749,900. The home offers air conditioning and parking. Explore more multi-family home listings in San Diego.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.