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Millman Team Real Estate

$3,025,000
0.06 Acre Lot

722-724 Balboa, San Diego, California 92109

  • Residential Income Property Type
  • 1990 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
260012700SD
$3,025,000
Ocean
1990
0.06 Acre
Active
: Composition
Features
: Forced Air
: Central Air
: Partial
$0
Appliances
: Tankless Water Heater
Address Map
CA
San Diego
San Diego
Mission Beach
92109
Balboa
722 724
W118° 46' 18.9''
N32° 48' 7''
CrossStreet: Strand way
92109 - Pacific Beach
Additional Information
$0
$0
$0
$0
$0
: Three Or More
2
2026-05-26
Mission Beach
3
Broker/Agent Information
First Reliant Inc
Fausto Gutierrez
Listing Information
SAND-4625
First Reliant Inc
SAND-660058
SAND-4625
Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Active
2026-06-12T17:19:28Z
CRMLS
2026-05-25T17:00:00Z
Agent info
Ray Millman
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