4341-43 Banning St new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92107
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $2,260
Subdivision Ocean Beach
MLS Listing ID 250029471
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1986
Lot Size 3,898 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Located in one of San Diego's most supply-constrained coastal markets, this 3-unit asset presents a rare opportunity to unlock value in the heart of Point Loma and Ocean Beach. The property includes two upgraded 2BD/1BA units and one unrenovated 1BD/1BA unit—providing immediate upside through renovation and market-rate leasing. Zoned RM-2-5 and featuring an attached garage, there's potential for ADU development or expanded living space, enhancing long-term yield. With current rents below market, investors can capitalize on repositioning through targeted improvements and optimized operations. Just blocks from the beach, this location benefits from strong tenant demand, walkable access to top-rated restaurants, retail, and schools, and proximity to Liberty Station, Point Loma, San Diego International airport, and downtown. Whether you're looking to live in one unit and rent the others or fully lease the property for consistent income, this is a high-performing coastal hold with strategic growth potential in a tight rental corridor.
Location
State CA
County San Diego
Community Ocean Beach
Area Ocean Beach (92107)
Zoning RM2-5
Interior
Heating Electric
Cooling Wall/Window
Appliance Forced Air Unit
Exterior
Exterior Feature Wood
Parking Features Unit1:Assigned Unit2:Converted
Garage Spaces 1.0
Fence Full
Roof Type Composition
Building
Lot Description Curbs,Public Street,Sidewalks,Street Paved,West of I-5
Story 2
Lot Size Range 1-3999 SF
Sewer Sewer Connected
Level or Stories 2 Story
Others
Acceptable Financing Cash,Conventional,Exchange,FHA,VA
Space Rent $3,500
Listing Terms Cash,Conventional,Exchange,FHA,VA
Virtual Tour https://www.propertypanorama.com/instaview/snd/250029471