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
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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FeaturesGeneralHeating 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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InteriorTotal Stories 3
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorFencing 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 FeaturesList BySteve SpringerListing Agent
Steve.Springer@Compass.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in San Diego, CA
Average List Price $2,197,629
Percent of Sale Price 29%
About San Diego, CA 1,417,428 Population
15% Since 2002
$ 72,408 Median Income
36.37 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/25/2026 | $3,075,000 | | Listed Price |