722-724 Balboa , San Diego, CA 92109
$3,025,000
Est. Payment: $15,275.36/mo
6 Bed
5 Bath
0 Sqft
Status: active | Days on site: 71
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Fausto A Gutierrez , 619-666-3592 First Reliant Inc , 949-903-9110. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.06

Year Built

1990

County

San Diego

Area

Coastal South

Neighborhood

Mission Beach

Listing ID

260012700

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:5
  • Full Bathrooms:5
Air Cond:Central Forced Air
Fireplaces:
Other:Meter on Property

Exterior Features

Roof:Composition
Principal Interest
$15,275
Taxes
$1,928

Home Price

$3,025,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$605,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,275.36

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,275.36 $1,928.44 $0.00 $17,203.80
Yearly $183,304.35 $23,141.25 $0.00 $206,445.60
Total $5,499,130.44 $694,237.50 $0.00 $6,193,367.94

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (San Diego, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-08-10T22:38:39.000Z

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