2158-60 Balboa Avenue, San Diego, CA 92109

• 7 beds |
• 5 baths

Property Description

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.

Listing Status:

Active

Date Added:

September 19, 2026

Data Last Updated:

October 8, 2026 at 9:11PM

Listing Office:

Rise Realty : 866-344-7473

Listing Agent:

Michele Nisly : 619-701-4172

MLS ID:

PTP2607106

Exterior

• Pool: N/K

Location

• HOA Amenities: 0.0
• Originating MLS: CRP
• County: San Diego

Lot

• Zoning: 4240611300

Financial

• Source: CRP