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2158 Balboa Avenue

San Diego CA 92109

7
5
5662 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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 to 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. 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 to 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.

Features

7 bedrooms
5 bathrooms
5662 sq. ft. lot size
Multi-Family

Property history for 2158 Balboa Avenue

2022
Sold
$1,600,000
03 Feb 2022 by Arianna Schwarz, of Keller Williams Realty

Happy sellers in San Diego

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Local market activity for 7 bedroom multi families in San Diego

In the last 12 months, 4 seven-bedroom multi families similar to 2158 Balboa Avenue, have been sold.

This represents a 20% increase in seven-bedroom multi families sales when compared to the previous 12 months.

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