4851-4855 Narragansett Ave - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$3,599,000 USD
858-752-9466
4851-4855 Narragansett Ave, San Diego, CA for Sale
$3,599,000 USD
Apartments - FOR SALE
1/38
null | 3.84% Cap Rate

4851-4855 Narragansett Ave
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • 4 Units Only 2.5 Blocks to the Beach!
  • Separately Metered Water
  • Separately Metered Electrical
  • Four - 2 Car Garages
  • Washer/Dryer Hookups in Each Unit
  • Airbnb $265,000 - $375,000 yr

OVERVIEW

Updated 4-unit in Ocean Beach, only 2.5 blocks from the sand! Each unit has its own 2 car garage, separate electrical & water meters and laundry hook-ups. This versatile compound includes a 3BR/2BA front home, a detached updated large Studio, & two mirror-image 2BR/2BA townhomes. 8 bedrooms total and a stellar outdoor area with garden setting. Each unit has a 2- car garage, and separate electrical & water meters, and in-unit laundry hookups, making this an exceptional income property or multi-generational living opportunity. || Unit 1: 3BR/2BA Single-Family Home (Approx. 1,100 sq ft): Features centralAC , beautiful hardwood flooring, ample cabinetry, quartz countertops, newer appliances, updated lighting, and fresh paint. The large driveway provides 4 extra parking spaces. || Units 2 & 3 :Two Updated 2BR/2BA Townhomes: Each townhome features high vaulted ceilings, modern kitchens and baths, luxury vinyl plank flooring, large private patios/decks, indoor laundry hookups, and additional storage. Believed to have been built to condo specifications, offering potential for separate resale. || Unit 4 : Detached Updated Studio: Perfect as a guest unit, rental, or in-law suite. || Additional highlights include 2 EV chargers, easy walking access to beach, shopping, and dining. A built-in laundry room for cleaning crews or shared machines. Additional Storage shed for beach chairs and umbrellas. Currently operated as a high-performing Airbnb attracting wedding groups, corporate stays, and family vacationers.

FOR SALE DETAILS

PRICE

$3,599,000 USD

PRICE/SF

$1,097 USD /SF

# OF UNITS

4

PRICE/UNIT

$899,750

CAP RATE

3.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,991 SF

ZONING

R-4

APN/PARCEL ID

448-272-21

ASK ABOUT THIS PROPERTY

Monique LeBlancThe AgencyMore Info
858-752-9466

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Monique LeBlancThe AgencyMore Info
858-752-9466

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.