2158 Balboa Avenue
San Diego, CA 92109
One license per person in San Diego: whether you can hold it depends on you, not only the home.
This parcel holds a short-term rental license: Tier 3 (whole home), through Mar 2028. It doesn’t transfer: a buyer applies for their own.
131 licensed short-term rentals within ½ mile (90 whole home), from the cities' license and permit lists of Nov 4, 2026.
Beds
—
Baths
—
Sqft
1,839
Year Built
1953
Days on Market
45
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
PTP2607106
This property is in San Diego (92109). View neighborhood stats →
About This Property
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.
Multifamily · 4 units listed: not priced unit by unit
County records show a commercial or mixed-use parcel, and commercial space can't be priced from home leases. No rent, cashflow or grade is shown for it.
Location
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Zoned Schools
Elementary
Sessions Elementary · grades K-5 · San Diego Unified
Middle
Pacific Beach Middle · grades 6-8 · San Diego Unified
High
Mission Bay High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Not Priced Unit by Unit
We price a building from what each of its units rents for. This one doesn't have what that needs, so no rent, cashflow or grade is shown.