4-Unit Multifamily
For Sale
$1,499,000
4314-18 Banning St, San Diego, CA 92107
Two one-bedroom and two two-bedroom residences create a varied rental mix.
Property Size2,400 SF
Lot Size0.09 Acres
Price / SF$624.58
Days on Market23
Property Features for 4314-18 Banning St
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
4
Lot size
0.09 Acres
Property subtype
Res Income 2-4 Units
Site & Location
Neighborhood
Ocean Beach
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Building Details
Building Size
2,400 SF
Year Built
1961
Listing Agency:
CCG RE Investment Services Inc
Listed By:
Aurmon Banitaba · License #02040003
(408) 772-6307
Source:
Bookmarkrealty
Added: Oct 8
Changed: Oct 26
Last Checked: Oct 26 at 2:39PM
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 CCG RE Investment Services Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property, built in 1961, contains two 1-bedroom/1-bath residences and two 2-bedroom/1-bath residences. The property includes four off-street parking spaces on an approximately 4,000-square-foot lot.
Near the Ocean Beach–Point Loma border, the property has access to neighborhood restaurants and cafés, the Ocean Beach coastline, and Liberty Station’s shopping, dining, and recreation.
Near the Ocean Beach–Point Loma border, the property has access to neighborhood restaurants and cafés, the Ocean Beach coastline, and Liberty Station’s shopping, dining, and recreation.
Key Highlights
- Four residences: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Four off‑street parking spaces
- Approximately 4,000‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,992
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,840
$859.8K
Cap Rate 7%
$614,171
$614.2K
Cap Rate 9%
$477,689
$477.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$64.8K $27.00/SF
− Vacancy
−$3.4K −$1.41/SF
EGI
$61.4K $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%
$859,840
Cap Rate 7%
$614,171
Cap Rate 9%
$477,689
Alternative Uses
Best Use
Multifamily LT 5
$614.2K
$537.4K – $716.5K
NOI $42,992 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$566.7K
$495.8K – $661.1K
NOI $39,667 @ 7.0% cap · market cap 2.65%
Theoretical Best
Specialty Retail
$947.9K
$829.4K – $1.11M
NOI $66,355 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two one-bedroom and two two-bedroom residences create a varied rental mix.
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 residences: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Four off‑street parking spaces; Approximately 4,000‑square‑foot lot
