4314-18 Banning St, Ocean Beach (OB), CA 92107

$1,499,000
6
BD
4
BA

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List Price
$1,499,000
Days on Market
1
Status
ACTIVE
MLS#
260024519
Bedrooms
6
Bathrooms
4
Lot Size(apprx.)
4,000
City
Ocean Beach (OB)
Neighborhood
Point Loma/Ocean Beach
Complex/Building Name
No
Property Type
Multifamily
Year Built
1961

Property Description

SELLER FINANCING AVAILABLE. 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. Seller financing, off-street parking and a versatile unit mix make this a compelling opportunity to establish or expand a coastal multifamily portfolio.

Additional Information

Building Name
No
Cooling
None
Lot Size
4,000
Neighborhood
Point Loma/Ocean Beach
Roof
Composition
Tenant Pays
N/K
Year Built
1961

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Aurmon Banitaba (408-772-6307) from Listing Office: CCG RE Investment Services Inc.

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