4-Unit
New
For Sale
$1,499,000
4314 18 Banning St, San Diego, CA 92107
A varied residential unit mix and on-site parking support multiple rental configurations.
Property Size2,402 SF
Lot Size0.09 Acres
Price / SF$624.06
Days on Market4
Property Features for 4314 18 Banning St
General Information
Standard status
Active
Size
2,402 SF
Total Parking Spaces
4
Lot size
0.09 Acres
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1961
Stories
2
Units
4
Listed By:
Aurmon Banitaba
(408) 772-6307
Source:
Elliman
Added: Oct 11
Last Checked: Oct 12 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aurmon Banitaba
Investment Insights
Based on property information with market context.
This San Diego quadplex contains four residences across approximately 2,402 square feet on an approximately 4,000-square-foot lot. The unit mix comprises two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. The property also includes four off-street parking spaces and has undergone renovations and other improvements.
At 4314–18 Banning Street, the property is near the Ocean Beach–Point Loma border. Neighborhood restaurants and cafés, the coastline, and Liberty Station’s shopping, dining, and recreation are identified as nearby destinations.
At 4314–18 Banning Street, the property is near the Ocean Beach–Point Loma border. Neighborhood restaurants and cafés, the coastline, and Liberty Station’s shopping, dining, and recreation are identified as nearby destinations.
Key Highlights
- Four residential units: two 2‑bedroom/1‑bath residences and two 1‑bedroom/1‑bath residences
- Approximately 2,402 square feet on an approximately 4,000‑square‑foot lot
- Four off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,028
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,560
$860.6K
Cap Rate 7%
$614,686
$614.7K
Cap Rate 9%
$478,089
$478.1K
Market Conditions
NOI Build-Up for 2,402 SF
Gross rent
$64.9K $27.00/SF
− Vacancy
−$3.4K −$1.41/SF
EGI
$61.5K $25.59/SF
− OpEx
−$18.4K −$7.68/SF
NOI
$43.0K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,560
Cap Rate 7%
$614,686
Cap Rate 9%
$478,089
Alternative Uses
Best Use
Multifamily LT 5
$614.7K
$537.9K – $717.1K
NOI $43,028 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$567.1K
$496.3K – $661.7K
NOI $39,700 @ 7.0% cap · market cap 2.65%
Theoretical Best
Specialty Retail
$948.7K
$830.1K – $1.11M
NOI $66,410 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 92107, CA
28,684
Population
14,658
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
98%
High-School Grad
3.0 sq mi
ZIP Area
9,561
Density / Sq Mi
$107,262
Median Household Income
$61,936
Median Earnings
$2,208
Median Rent
$1,218,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - A varied residential unit mix and on-site parking support multiple rental configurations.
Where is this quadplex located?
The property is located at 4314 18 Banning St San Diego, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Four residential units: two 2‑bedroom/1‑bath residences and two 1‑bedroom/1‑bath residences; Approximately 2,402 square feet on an approximately 4,000‑square‑foot lot; Four off‑street parking spaces
