$1,595,000
SOLD SEP 3, 2025

4341-43 Banning St San Diego, CA 92107

Point Loma Heights Neighborhood
5 Beds
3 Baths
1,886 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$846 Per Sq Ft

6% Below List Price

60 Days on Market

Highlights

  • Property is Fully Fenced
  • Wood Siding
  • Heating Available
  • Ocean Beach Elementary School Rated A
  • West of 5 Freeway

About This Home

As of September 2025

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.

Last Agent to Sell the Property

Joseph Silva

CCG RE Investment Services Inc License #02158753 Listed on: 06/04/2025

Co-Listed By

Aurmon Banitaba

CCG RE Investment Services Inc License #02040003

Last Buyer's Agent

Kelly Lambo

Coastal Premier Properties License #01724465

Coastal Premier Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,832 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Additional Features

  • Property is Fully Fenced
  • West of 5 Freeway

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Ocean Beach Subdivision

Building Details

  • Operating Expense $21,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1986
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • CapRate: 4.39
  • Co List Office Mls Id: 993322
  • Co List Office Mls Id: 993322
  • Subdivision Name: OCEAN BEACH
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Stories: 2

Exterior Features

  • Fencing: Full
  • Roof: Composition
  • Construction Type: Wood

Utilities

  • Cooling: Wall/Window
  • Heating: Forced Air Unit
  • Utilities: Sewer Connected

Lot Info

  • Zoning: RM2-5

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 3
  • Annual Operating Expense: 21300.0

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Sold $1,595,000 0.0% $846 / Sq Ft
08/04/2025 08/04/25 Pending -- -- --
07/25/2025 07/25/25 Price Changed $1,595,000 -5.9% $846 / Sq Ft
06/04/2025 06/04/25 For Sale $1,695,000 +16.9% $899 / Sq Ft
11/18/2021 11/18/21 Sold $1,450,000 -6.5% $769 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $1,550,000 -- $822 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joseph Silva

    Seller's Agent in 2025

    Joseph Silva

    CCG RE Investment Services Inc

    (559) 967-5913

    2 in this area

    25 Total Sales

    Joseph Silva
    Section Image

  • A

    Seller Co-Listing Agent in 2025

    Aurmon Banitaba

    CCG RE Investment Services Inc

    (503) 597-2444

    1 in this area

    10 Total Sales

    Aurmon Banitaba
    Section Image
  • Kelly Lambo

    Buyer's Agent in 2025

    Kelly Lambo

    Coastal Premier Properties

    (858) 414-3195

    1 in this area

    25 Total Sales

    Kelly Lambo
    Section Image

  • L

    Seller's Agent in 2021

    Liz Martin

    Sunset Pacific Realty

    (619) 886-0060

    1 in this area

    13 Total Sales

    Liz Martin
    Section Image
  • Danielle McGowan

    Buyer's Agent in 2021

    Danielle McGowan

    eXp Realty of California, Inc.

    (209) 480-1152

    1 in this area

    4 Total Sales

    Danielle McGowan
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 250029471

San Diego MLS
California San Diego County San Diego 92107 Point Loma Heights

4341-43 Banning St, San Diego, CA

This home is located at 4341-43 Banning St, San Diego, CA 92107 and is currently priced at $1,595,000, approximately $845 per square foot. This property was built in 1986. 4341-43 Banning St is a home located in San Diego County with nearby schools including Ocean Beach Elementary School, Richard Henry Dana Middle School, and Correia Middle School.

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