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… Read More 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. Read Less
Property listed by CCG RE Investment Services Inc, Aurmon Banitaba
Listing Snapshot
Days Online
5
Last Updated
Lot Size
0.09 Acres
Year Built
1961
MLS Number
260024519SD
Additional Details
Building
Built in 1961, 2 buildings, 2 stories, Levels: Two
Community
Park Name: No
Cooling
None
Disclosures
Incorporated
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $74,700, Net Operating Income: $41,744
Lot
0.0918 acres
Roof
Composition
Taxes
Parcel Number: 4491010900, Zoning: RM-3-7
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
