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In-PersonVirtual Tour
$1,499,000
Est. payment /mo
3,998 Sqft Lot
Open House
Sat Oct 17, 2:00pm - 4:00pm
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Ocean Beach
MLS Listing ID 260024519SD
HOA Y/N No
Year Built 1961
Lot Size 3,998 Sqft
Property Description
4314–18 Banning Street presents a four-unit multifamily investment in Ocean Beach with below-market rents, a balanced unit mix and opportunity for long-term value growth. The property offers approximately 2,402 square feet on an approximately 4,000-square-foot lot, featuring two 2-bedroom/1-bath residences, two 1-bedroom/1-bath residences and four off-street parking spaces. Thoughtful renovations and property improvements offer a path to enhancing rental income over time. The four-unit configuration lends itself to long-term investment, with potential for owner occupancy in one residence while collecting rental income from the others. Located near the Ocean Beach–Point Loma border, the property provides convenient access to neighborhood restaurants and cafés, OB's coastline, and Liberty Station's shopping, dining and recreation. Off-street parking and a versatile unit mix make this a compelling opportunity to establish or expand a coastal multifamily portfolio.
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Building/Complex Name No
Zoning RM-3-7
Interior
Cooling None
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4491010900
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/snd/260024519
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Listed by Aurmon Banitaba CCG RE Investment Services Inc #02040003
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