CA > San Diego > Ocean Beach
San Diego, CA 92107,4341-43 Banning St
San Diego, CA 92107,4341-43 Banning St
San Diego, CA 92107,4341-43 Banning St
$1,595,000
$1,595,000
Est. payment /mo
5 Beds
3 Baths

UPDATED:

Key Details

Sold Price $1,595,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Subdivision Ocean Beach

MLS Listing ID 250029471

Sold Date 09/03/25

Bedrooms 5

Full Baths 3

Year Built 1986

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

Area Coastal South

Zoning RM2-5

Interior

Heating Forced Air Unit

Cooling Wall/Window

Fireplace No

Exterior

Fence Full

Utilities Available Sewer Connected

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 449-102-05-00

Acceptable Financing Cash, Conventional, Exchange, FHA, VA

Listing Terms Cash, Conventional, Exchange, FHA, VA

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MLS Router / San Diego MLS
Listed by Joseph D Silva CCG RE Investment Services Inc
Bought with Kelly Lambo Coastal Premier Properties

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Margaret DeLao

Margaret DeLao

+1(858) 229-8016

Realtor | License ID: 01377428

Realtor License ID: 01377428

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