Opportunity in Ocean Beach! This versatile property offers great potential for both living and investment. The front house features a 2-bedroom, 1-bathroom layout, perfect for a family or as a rental unit. The spacious upstairs 3-bedroom, 2-bathroom back unit offers generous living space and comes with the added benefit of paid-off solar panels, providing long-term energy savings. Below the 3-bedroom unit, a large garage with alley access presents the ideal opportunity for conversion into a third rental unit or additional living space, further enhancing the property's value. Located in the heart of desirable Ocean Beach, this property is just minutes from the beach, local shops, and restaurants, making it a fantastic investment or a flexible multi-family residence. Don’t miss out on this rare find with endless potential!
Property Details
Property Features
Property Information:
Year Built: 1962
Listing Office:
Office Name: Team Z Realty
Office Phone: (949) 617-2875
Listing Agent: Amanada Dean Beach
Utilities
Utilities Information:
Cooling: None
Other
Directions Information:
Directions: CrossStreet: Mendocino Blvd & Whittier St.
Price Information
Listing Price Info
Price Summary:
List Price: $1,499,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in San Diego, CA.
This property is $550.1K more than the Median Sold Price in San Diego, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #240028502SD
Listing Office:
Office Name: Team Z Realty
Office Phone: (949) 617-2875
Listing Agent: Amanada Dean Beach
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 8:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,549
Per Month
Principal & Interest
$7,482
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,561
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Ocean Beach Elementary School
4741 Santa Monica Ave
Distance between this listing and this school0.65 miles
Public District Grades KG-4
8
/10
Dana Middle School
1775 Chatsworth Blvd
Distance between this listing and this school0.91 miles
Public District Grades 5-6
7
/10
Loma Portal Elementary School
3341 Browning St
Distance between this listing and this school0.96 miles
Public District Grades KG-4
Nearby Schools
6
/10
Correia Middle School
4302 Valeta St
Distance between this listing and this school0.27 miles
Public District Grades 7-8
5
/10
High Tech Middle Media Arts
2230 Truxtun Rd Fl 2
Distance between this listing and this school1.23 miles
Public Charter Grades 6-8
3
/10
High Tech Middle School
2359 Truxtun Rd
Distance between this listing and this school1.29 miles
Public Charter Grades 6-8
Nearby Schools
8
/10
Point Loma High School
2335 Chatsworth Blvd
Distance between this listing and this school0.74 miles
Public District Grades 9-12
7
/10
High Tech High Media Arts
2230 Truxtun Rd Fl 3
Distance between this listing and this school1.23 miles
Public Charter Grades 9-12
8
/10
High Tech High School
2861 Womble Rd
Distance between this listing and this school1.32 miles
The neighbors living near this home have an average income of $84,622. Most San Diego, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 432931 Banning St
What is the listing price of this property?
The listing price of 432931 Banning St property is $1,499,000.
What type of property is this?
The property 432931 Banning St is a house located in Ocean Beach San Diego, California, 92107.
Is this property for sale now?
Active Listing: 432931 Banning St is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 432931 Banning St is 1962.
This home is located at 432931 Banning St in Ocean Beach San Diego, CA and zip code 92107 in the Point Loma Heights neighborhood. This home was built in 1962. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $1,499,000.
Over 212 listings were sold over their listed price in November 2024 in San Diego, CA. In the same period over 308 listings were sold below the listed price and 109 listings were sold for the listed price. In November 2024 in San Diego, CA there were 4.5% less homes for sale than in October 2024. Listings spent 27 days on the market in November 2024, and had a median list price of $948,850 during the same period.
From Rocket Homes Real Estate and based on county public records data.