Description

Whitewater Commercial Real Estate is pleased to exclusively present Balboa Pointe Townhomes – Parcel 3, an exceptionally rare brand new constructed 4-unitmultifamily investment opportunity located in the heart of Pacific Beach. Delivered in 2026, the property represents the first completed property within a seven-property, 28-unit residential development currently under construction and being delivered throughout the project. As the first completed offering available for acquisition, Balboa Pointe Townhomes – Parcel 3 provides investors with a unique opportunity to purchase newly constructed coastal multifamily product in one of San Diego’s most supply-constrained rental markets, where the majority of existing inventory consists of older vintage units and opportunities for new multi family development remain extremely limited. Balboa Pointe Townhomes – Parcel 3 consists entirely of townhome-style residences, featuring an attractive unit mix of two spacious 2 Bed / 2.5 Bath units and two well-designed 1 Bed / 1 Bath units. The larger 2-bedroom residences feature private fenced front yards with professional landscaping, creating a unique single-family-home feel rarely found in multifamily coastal product. The property also includes three covered carport parking spaces, a highly desirable amenity in Pacific Beach.

Property details

Year built

2026

Property type

Residential Income

Lot size

2,534 sqft

Location

2139 Balboa Ave • San Diego, CA 92109

More homes for sale and rent in San Diego, CA →

Listing Agent

Carson Trujillo

DRE #: 01974818

Brokerage: Whitewater CRE Inc

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727 Sapphire St 312: Sold $710,000 · 1 bd · 1 ba · 674 sqft · Oct 2026
3955 Honeycutt St 202: Sold $1,165,000 · 2 bd · 2 ba · 1,120 sqft · Sep 2026

Closed sales reported in 92109, newest first, last 12 months. All recent sales in San Diego →

CRMLS

MLS# 260024786SD

Listed: 10/13/2026 9:14 AM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/13/2026 5:15 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Whitewater CRE Inc

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

Residential Income - 2139 Balboa Ave, San Diego, CA