723 725 Balboa San Diego, CA $ 3,075,000
723 725 Balboa
$ 3,075,000
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723 725 Balboa

San Diego, CA, 92109
$ 3,075,000
Bedrooms-- Baths3.0

Monthly Estimate*

$ 21,238

Listed by Steve Springer, Compass, Steve.Springer@Compass.com
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Multi-Family Home for sale in San Diego, CA

for $3,075,000 with 3 full baths. This home was built in 1992 on a lot size of 0.0518.

Rare opportunity to own a beautifully renovated duplex just four homes from the sand in South Mission Beach. Located at 723-725 Balboa Ct, this versatile coastal property offers two spacious residences, a 2-car garage, multiple outdoor areas, and an exceptional location near both the Pacific Ocean and Mission Bay. The upper residence (723) offers approximately 1,580 SF with 3 bedrooms and 2.5 baths. Vaulted ceilings and a teak spiral staircase add character, while the remodeled chef's kitchen features Thermador double ovens, a 6-burner professional cooktop, Viking refrigerator, soapstone counters, and bamboo cabinetry. Two terraces, wide-plank flooring, remodeled baths, A/C, and generous storage complete the home. The ground-floor residence (725) offers approximately 1,045 SF of single-level living with 2 bedrooms, a bonus sleeping room, 2 baths, and direct access to a spacious courtside patio. The updated kitchen, stainless appliances, newer flooring, and open living areas create an inviting beach retreat. Additional features include tankless water heaters, shared laundry, gated storage, and a 2-car garage. Ideal as a South Mission Beach investment property, vacation home, or opportunity to live in one residence while utilizing the other, this is a distinctive multi-unit property just steps from the beach, boardwalk, Mission Bay, and Belmont Park.

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Multi-Family Active

Price

$ 3,075,000

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0518

Year Built

1992

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260023507SD

Days on Market

24

Features
General
Heating Forced Air Natural Gas
Cooling Central Air
Roof Composition
Appliances Gas Water Heater Tankless Water Heater
HOA Fee 0
Pool Features None
Year Built 1992
View None
Levels Three Or More
County San Diego
Net Operating Income 0
Property Type Residential Income
Subdivision Name Mission Beach
Status Active
Directions Take Mission Blvd to Balboa Ct. Park on Mission and walk West. Property on the South side of the court. CrossStreet: Strand Way
City San Diego
Disclosures Incorporated
Senior Community Y/N false
Number Of Units Total 2
MLS Area 92109 - Pacific Beach
Lot Size Units Square Feet
Lot Size Square Feet 2255
Listing Terms Cash Conventional Cal Vet Loan FHA VA Loan
Spa Features None
Virtual Tour https://tour.sdelevatemedia.com/order/cc26216e-0529-433e-d1a9-08df0ac1b736?branding=false
Standard Status Active
Expected Active Date 2026-09-26
Cap Rate 0
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Interior
Total Stories 3
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Fencing Partial
Total Parking 0
Lot Size Area 2255
Park Name N/A
Number of Buildings 1
Spa true
Lot Dimensions 30x80
Lot Size Acres 0.0518
Private Pool false
Lot Size Source Other
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* Excluded Features
List By
Steve Springer

Listing Agent

Compass

Broker

Steve.Springer@Compass.com

Email

Affordability Calculator

$21,238
Per Month
100%
0%
0%
Monthly Principal & Interest
$21,238
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/25/2026$3,075,000 Listed Price

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723 725 Balboa, San Diego, CA, 92109 is a Multi-Family Home for sale at $3,075,000 with a lot size of 0.0518. 723 725 Balboa has 3.0 baths and was built in 1992. The property's zip code is 92109 which is in San Diego, CA