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2158 60 Balboa Avenue

San Diego, CA 92109
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Bed 7

Bed

Bath 5

Bath

Acres0.13

Acre(Lot)

Excellent investor opportunity in the highly sought-after Pacific Beach area! Zoned for both commercial and residential use, this versatile four-unit property offers strong income potential and future upside. The unit mix consists of one 3-bedroom, 2-bath unit, one 2-bedroom, 1-bath unit, and two studio units with 1 bath each. The kitchens in both the 3-bedroom and 2-bedroom units have been renovated in the last few years, and a new shower was installed in the 3-bed full bath, enhancing their appeal and rental value. Front driveway parking provides space for up to four vehicles. Three units are occupied by long-term tenants, generating immediate rental income, while one unit is leased on a month-to-month basis. Ideally located just minutes from the beach and bay, with convenient access t o major freeways, shopping, dining, and coastal amenities. Residents enjoy shared laundry facilities and a charming common courtyard highlighted by a tranquil koi pond. While several upgrades have been completed, some features and finishes remain in their original condition, presenting an excellent opportunity for a new owner to implement additional updates and potentially increase rental income and overall property value. PLEASE DO NOT DISTURB TENANTS. Property will be shown upon acceptance of an offer only.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,150,000

AD Id : 91344757

MLS Id : PTP2607106

Beds : 7

Lot Size : 0.13 Acre

Year Built : 1953

County : San Diego

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Feature Features

  • Building Information

    Year Built: 1953
    Building Area Total: 1839
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 0.13 Lot Size Acres: 0.13 Lot Size Source: PublicRecords Lot Size Square Feet: 5,663 Lot Description: NearPark,NearPublicTransit

  • Listing Price Information

    Listing Price: $2150000
    Exchange1031

  • Tax Information

    Parcel Number: 4240611300 Tax Lot: 424-061-13-00

  • Parking Information

    Parking Total: 4

  • Location Information

    Direction: Two houses from the corner of Balboa Ave and Olney St. Located on the north side of street.
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Nearby Home Value

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701 Sunset Ct, San Diego, CA, 92109 $8,450,000 4 4 2,200 2,115 Sq. Ft
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851 53 Sapphire, San Diego, CA, 92109 $3,195,000 6 6 2,759 --
2629 31 Ocean Front Walk, San Diego, CA, 92109 $3,995,000 5 3 -- 2,739 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/23/2026 @ 04:51

MLS: PTP2607106 LISTED BY: Michele Nisly, Rise Realty 866-344-7473 SOURCE: CRMLS

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