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+16197125150
Golden Feather Investments Inc.
4314 18 Banning St, Ocean Beach (OB), CA 92107
- $1,499,000
- List Price
- $1,499,000
- Status
- ACTIVE
- MLS#
- 260024519SD
- Year Built
- 1961
- Lot Size
- 4,000
- Acres
- 0.09
- Days on Market
- 2
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Ocean Beach
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
- Cooling Description
- None
- Roof
- Composition
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $74,700
Listing courtesy of Listing Agent: Aurmon Banitaba (aurmon@ccgrea.com) from Listing Office: CCG RE Investment Services Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.