4341 Banning St - Apartments FOR SALE


San Diego, CA 92107- Point Loma Heights
$1,695,000 USD
559-967-5913
4341 Banning St, San Diego, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/34
null | 4.41% Cap Rate

4341 Banning St
San Diego, CA 92107
Point Loma Heights


HIGHLIGHTS

  • Prime Coastal Location with Consistent Demand
  • Renovated Units + Value-Add Upside
  • ADU/Expansion Potential
  • Below-Market Rents
  • 6.81% Pro-Forma Cap Rate

OVERVIEW

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 (buyer to verify). 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.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$922 USD /SF

# OF UNITS

3

PRICE/UNIT

$565,000

CAP RATE

4.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4341-43 Banning St, San Diego, CA 92107

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,999 SF

ZONING

RM-2-5

APN/PARCEL ID

449-102-05-00

ASK ABOUT THIS PROPERTY

Joseph SilvaCCG RE Investment Services IncMore Info
559-967-5913

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Joseph SilvaCCG RE Investment Services IncMore Info
559-967-5913

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.