About 4341-43 Banning St
Located in one of San Diego’s most supply-constrained coastal markets, this 3-unit asset presents a rare opportunity to unlock value in the heart of Point Loma and Ocean Beach. The property includes two upgraded 2BD/1BA units and one unrenovated 1BD/1BA unit—providing immediate upside through renovation and market-rate leasing. Zoned RM-2-5 and featuring an attached garage, there’s potential for ADU development or expanded living space, enhancing long-term yield. With current rents below market, investors can capitalize on repositioning through targeted improvements and optimized operations. Just blocks from the beach, this location benefits from strong tenant demand, walkable access to top-rated restaurants, retail, and schools, and proximity to Liberty Station, Point Loma, San Diego International airport, and downtown. Whether you’re looking to live in one unit and rent the others or fully lease the property for consistent income, this is a high-performing coastal hold with strategic growth potential in a tight rental corridor.
Features of 4341-43 Banning St
| MLS® # | 250029471 |
|---|---|
| Price | $1,595,000 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Acres | 0.09 |
| Year Built | 1986 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Closed |
Community Information
| Address | 4341-43 Banning St |
|---|---|
| Area | OCEAN BEACH (92107) |
| Subdivision | Ocean Beach |
| City | OCEAN BEACH |
| County | San Diego |
| State | CA |
| Zip Code | 92107 |
Amenities
| Utilities | Sewer Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | N/K |
Interior
| Heating | Forced Air Unit |
|---|---|
| Cooling | Wall/Window |
| Fireplace | Yes |
| Stories | 2 Story |
Exterior
| Lot Description | Curbs,Public Street,Sidewalks,Street Paved,West of I-5 |
|---|---|
| Roof | Composition |
| Construction | Wood |
Additional Information
| Date Listed | June 4th, 2025 |
|---|---|
| Days on Market | 61 |
| Zoning | RM2-5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | CCG RE Investment Services Inc |
|---|