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OCEAN BEACH Property for sale: 4341-43 Banning St in San Diego

4341-43 Banning St San Diego OCEAN BEACH

Main Photo: OCEAN BEACH Property for sale: 4341-43 Banning St in San Diegobanner
$1,695,000
Prop. Type:
2-4 Units
MLS® Num:
250029471
Status:
Active
Year Built:
1986
This 3-unit property in Ocean Beach offers a rare chance to own in one of San Diego’s most desirable and supply-constrained coastal markets. It features two updated 2-bed/1-bath units and one unrenovated 1-bed/1-bath unit—offering immediate value-add potential through renovation and market-rate leasing. Zoned RM-2-5, the property includes an attached garage with possible ADU or expansion potential. Current rents are below market, creating strong upside through repositioning. Live in one unit and rent the others, or lease all three for solid cash flow. This is a well-located asset with long-term growth potential in a high-demand rental area.
Total Floor Area:
Switch units of measure3,898 sq. ft.
Lot Size:
1-3,999 SF
Lot Size:
Switch units of measure3,920 sq. ft.
Number of Buildings:
2
Number of Units:
3
Year Built:
1986
Stories:
2 Story
Total Stories:
2
Market Area:
Coastal South
Community:
OCEAN BEACH
County:
San Diego
Neighborhood Code:
Ocean Beach
Name of Complex/Subdivision:
N/A
Home Owner Fees Include:
N/K
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Other Fee Type:
N/K
Tenant pays:
Electricity, Gas/Propane, Water
Other income:
1200
Annual expense actual:
21300
Cap Rate.:
4.39
Gross Rent Multiplier:
17.65
Gross scheduled income:
96000
Projected gross scheduled income:
112800
Finished Area for Unit 1:
Switch units of measure750 sq. ft.
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
3500.0
Total Rent for Unit 1:
3500.0
Projected Rent for Unit 1:
4200.0
Total Garage Spaces for Unit 1:
1
Garage for Unit 1:
Assigned
Parking for Unit 1:
Assigned, Uncovered
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
Common
Finished Area for Unit 2:
Switch units of measure682 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
2600.0
Total Rent for Unit 2:
2600.0
Projected Rent for Unit 2:
3200.0
Total Garage Spaces for Unit 2:
0
Garage for Unit 2:
Converted
Parking for Unit 2:
Assigned, Uncovered
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
Common
Finished Area for Unit 3:
Switch units of measure400 sq. ft.
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
1800.0
Total Rent for Unit 3:
1800.0
Projected Rent for Unit 3:
2000.0
Parking for Unit 3:
Assigned, Uncovered
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Common
Number of bathrooms for Unit 4:
0
Mendocino Blvd
Site Influences:
Curbs, Public Street, Sidewalks, Street Paved, West of I-5
Miscellaneous:
N/K
Exterior Features:
Wood
Cooling:
Wall/Window
Heating:
Forced Air Unit
Heating fuel:
Electric
Irrigation:
N/K
Additional Use:
N/K
Number of Units with Cooling:
1
Number of Units with Dishwashers:
1
Number of Units with Dryers:
1
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
1
Number of Units with Patios:
1
Number of Units with Range/Oven:
3
Number of Units with Refrigerators:
3
Number of Units with Washers:
1
Pool:
N/K
Pool Heat:
None Known
Spa:
N/K
Spa Heat:
None Known
Roof:
Composition
Sewer Septic:
Sewer Connected
Security:
N/K
Fencing:
Full
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, Exchange, FHA, VA
Parcel Number:
449-102-05-00
Listed by CCG RE Investment Services Inc
Data was last updated June 7, 2025 at 11:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
Data Source Logo
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.