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Four-Unit Residential Property
New
For Sale
$2,150,000

2158 60 Balboa Ave, San Diego, CA 92109

Mixed-unit residential asset with renovated kitchens, shared laundry, and a landscaped courtyard featuring a koi pond.

Property Size1,839 SF
Days on Market7

Property Features for 2158 60 Balboa Ave

General Information

Standard status Active
Size 1,839 SF
Total Parking Spaces 4
Property subtype Investment

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR/1BA, 2 x studio/1BA
Multifamily Units 4

Amenities

shared laundry facilities
common courtyard
koi pond

Building Details

Building Size 1,839 SF
Year Built 1953
Units 4
Tenancy Multi
Listed By: Michele Nisly
Source: Elliman
Added: Sep 20 Last Checked: Sep 26 at 9:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michele Nisly

Investment Insights

Based on property information with market context.

Built in 1953, this four-unit property combines one 3-bedroom, 2-bath residence, one 2-bedroom, 1-bath residence, and two studio apartments with 1 bath each. The kitchens serving the larger residences were renovated within the last few years, and the 3-bedroom unit also has a newer shower in its full bathroom. Shared laundry facilities and a common courtyard with a koi pond add on-site amenities.

The property is in Pacific Beach, near the beach and bay, with access to major freeways, shopping, dining, and coastal amenities. Front driveway parking accommodates up to four vehicles. Three units have long-term occupants, while the remaining unit is leased month to month. Commercial and residential zoning applies, and portions of the property retain original finishes alongside completed improvements.

Key Highlights

  • Four units: one 3‑bedroom/2‑bath, one 2‑bedroom/1‑bath, and two studios with 1 bath each
  • Commercial and residential zoning
  • Three units occupied by long‑term tenants; one leased month to month

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Food Market Grocery & Convenience Store Garden Center Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,645
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Mixed-unit residential asset with renovated kitchens, shared laundry, and a landscaped courtyard featuring a koi pond.
Where is this quadplex located?
The property is located at 2158 60 Balboa Ave San Diego, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Four units: one 3‑bedroom/2‑bath, one 2‑bedroom/1‑bath, and two studios with 1 bath each; Commercial and residential zoning; Three units occupied by long‑term tenants; one leased month to month
More about this property
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