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Beachside Duplex with Two Units
For Sale
$3,025,000

722-724 Balboa, San Diego, CA 92109

Two separate residences support owner occupancy, rental use, or a combination of both.

Property SizeContact for details
Lot Size0.06 Acres
Days on Market98

Property Features for 722-724 Balboa

General Information

Standard status Active
Total Parking Spaces 3
Lot size 0.06 Acres
Property subtype Multi Family Home

Units

Unit Mix 1 x 3BR/3BA + bonus room, 1 x 3BR/2BA
Multifamily Units 2

Amenities

outdoor deck
private patio
air conditioning

Building Details

Year Built 1990
Buildings 1
Stories 3
Units 2
Listing Agency: First Reliant Inc
Listed By: Fausto A Gutierrez
Source: Americangrouponline
Added: May 26 Changed: Aug 30 Last Checked: Aug 30 at 3:19PM

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 First Reliant Inc

Investment Insights

Based on property information with market context.

This 1990-built duplex contains two distinct residences on a 2,459-square-foot lot. The upper home offers 3 bedrooms, a bonus room, 3 full bathrooms, and an expansive deck with ocean views. The lower residence includes 3 bedrooms, 2 full bathrooms, and a private patio. Together, the layouts provide flexibility for residential occupancy and income-producing use.

The property is located at 722-724 Balboa in South Mission Beach, San Diego, just three homes from the ocean. Dining, nightlife, and parks are identified as nearby amenities. Practical features include 3 parking spaces, 2 newer A/C units, and a Tier 4 short-term rental license.

Key Highlights

  • Two‑unit duplex on a 2,459 sq ft lot
  • Upper unit includes 3 bedrooms, bonus room, 3 full bathrooms, and an expansive deck
  • Lower unit offers 3 bedrooms, 2 full bathrooms, and a private patio

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Auto Parts Store Electrical Service Kitchen & Bath Showroom Computer & Electronic Repair Catering Service

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

813
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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Duplex - Two separate residences support owner occupancy, rental use, or a combination of both.
Where is this duplex located?
The property is located at 722-724 Balboa San Diego, CA.
What is the asking price?
The asking price for this property is $3,025,000.
What are key features of this property?
This property features: Two‑unit duplex on a 2,459 sq ft lot; Upper unit includes 3 bedrooms, bonus room, 3 full bathrooms, and an expansive deck; Lower unit offers 3 bedrooms, 2 full bathrooms, and a private patio
More about this property
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