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Beachside Duplex with Rental License
For Sale
$3,025,000

722 724 Balboa, San Diego, CA 92109

Two residences provide distinct layouts, outdoor living areas, three parking spaces, and short-term rental flexibility.

Property SizeContact for details
Lot Size0.06 Acres
Days on Market146

Property Features for 722 724 Balboa

General Information

Standard status Active
Total Parking Spaces 3
Lot size 0.06 Acres
Property subtype Multi-family

Units

Unit Mix upper unit: 3BR/3BA + bonus room, lower unit: 3BR/2BA
Multifamily Units 2

Amenities

outdoor deck
private patio
air conditioning

Building Details

Year Built 1990
Buildings 1
Listing Agency: First Reliant Inc
Listed By: Fausto Gutierrez
Source: Sevengables
Added: Apr 8 Changed: Aug 30 Last Checked: Aug 30 at 8:53PM

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.

Built in 1990, this duplex at 722 724 Balboa includes two separate residences on a 2,459 sq ft lot. The upper home offers 3 bedrooms, a bonus room, 3 full bathrooms, and an outdoor deck with ocean views. The lower residence includes 3 bedrooms, 2 full bathrooms, and a private patio. Two newer A/C units and 3 parking spaces add practical convenience for occupants and guests.

The property sits three homes from the ocean in South Mission Beach, with the sand, surf, dining, nightlife, and parks nearby. A Tier 4 short-term rental license supports flexible use across the two-unit configuration, including owner occupancy, short-term rental operations, or longer-term tenancy.

Key Highlights

  • Two residences on a 2,459 sq ft lot
  • Upper unit has 3 bedrooms, a bonus room, 3 full bathrooms, and an outdoor deck
  • Lower unit includes 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 residences provide distinct layouts, outdoor living areas, three parking spaces, and short-term rental flexibility.
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 residences on a 2,459 sq ft lot; Upper unit has 3 bedrooms, a bonus room, 3 full bathrooms, and an outdoor deck; Lower unit includes 3 bedrooms, 2 full bathrooms, and a private patio
More about this property
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