Search
Two-Residence Beach-Area Duplex
New
For Sale
$3,075,000

723 725 Balboa, San Diego, CA 92109

Separate upper and ground-floor homes provide distinct layouts, outdoor spaces, and a shared two-car garage.

Property SizeContact for details
Days on Market7

Property Features for 723 725 Balboa

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Investment

Units

Unit Mix 1 x 3BR/2.5BA, 1 x 2BR/2BA + bonus sleeping room
Multifamily Units 2

Amenities

outdoor areas
terrace
patio
shared laundry
gated storage
air conditioning
tankless water heaters

Building Details

Year Built 1992
Buildings 1
Units 2
Listed By: Steve Springer
Source: Elliman
Added: Sep 28 Last Checked: Oct 4 at 11:20AM

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 Steve Springer

Investment Insights

Based on property information with market context.

At 723-725 Balboa Ct, this 1992 duplex contains two residences with separate layouts. The upper home spans approximately 1,580 SF, with three bedrooms, 2.5 baths, vaulted ceilings, two terraces, and a remodeled kitchen featuring Thermador double ovens, a six-burner cooktop, a Viking refrigerator, soapstone counters, and bamboo cabinetry. The ground-floor residence offers approximately 1,045 SF on one level, with two bedrooms, a bonus sleeping room, two baths, and patio access. Its kitchen has been updated, and the home includes newer flooring and open living areas.

The property is in South Mission Beach, four homes from the sand and near the Pacific Ocean and Mission Bay. Belmont Park and the boardwalk are also nearby. Shared features include a two-car garage, laundry, gated storage, and tankless water heaters. The upper residence has air conditioning and generous storage; the lower home has stainless appliances.

Key Highlights

  • Two residences: approximately 1,580 SF upstairs and 1,045 SF on the ground floor
  • Upper unit has 3 bedrooms, 2.5 baths, vaulted ceilings, and two terraces
  • Ground‑floor home includes 2 bedrooms, a bonus sleeping room, 2 baths, and a courtside patio

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store HVAC Service Kitchen & Bath Showroom Computer & Electronic Repair Catering Service Plumbing 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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Separate upper and ground-floor homes provide distinct layouts, outdoor spaces, and a shared two-car garage.
Where is this duplex located?
The property is located at 723 725 Balboa San Diego, CA.
What is the asking price?
The asking price for this property is $3,075,000.
What are key features of this property?
This property features: Two residences: approximately 1,580 SF upstairs and 1,045 SF on the ground floor; Upper unit has 3 bedrooms, 2.5 baths, vaulted ceilings, and two terraces; Ground‑floor home includes 2 bedrooms, a bonus sleeping room, 2 baths, and a courtside patio
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again