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$1,695,000

Est. payment - /mo

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5 Beds

3 Baths

750 SqFt

Active

4341-43 Banning St San Diego, CA 92107

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Jesse Ibanez

jesse@greenmeansgrow.com +1(858) 337-2796

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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

Listed by Joseph D Silva • CCG RE Investment Services Inc

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Jesse Ibanez

Agent | License ID: 01405643

+1(858) 337-2796

4341-43 Banning St San Diego, CA 92107

Jesse Ibanez

Key Details

Location

Interior

Exterior

Building

Others

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4341-43 Banning St