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Residential Income for sale : 7 bedrooms : 4851 Narragansett Ave in San Diego

4851 Narragansett Ave San Diego

Main Photo: Residential Income for sale : 7 bedrooms : 4851 Narragansett Ave in San Diego
$3,599,000
Prop. Type:
Residential Income
MLS® Num:
250044828
Status:
Active
Bedrooms:
7
Bathrooms:
7
Year Built:
1970
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.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
3
County Or Parish:
San Diego
Market Area:
Coastal South
Neighborhood Code:
Ocean Beach
Name of Complex/Subdivision:
OCEAN BEACH
Building Name:
0
Total Building Area:
Switch units of measure3,280 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
7
Bathrooms:
7
Full Bathrooms:
7
Half Bathrooms:
0
Stories:
2 Story
Total Stories:
2
Year Built:
1970
Age (in years):
Switch units of measure55 year(s)
Short Sale:
false
Home Owner Fees:
$0
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Assumable, Cal Vet, Cash, Conventional, FHA, VA
Cap Rate.:
0.0
Gross scheduled income:
0.0
Other income actual:
0
Operating expense:
0.0
Gross Rent Multiplier:
0.0
Number of Units:
4
Number of Units with Cooling:
4
Tenant pays:
Other/Remarks
Unit Number for Unit 1:
4851
Unit Number for Unit 2:
4853
Unit Number for Unit 3:
4855 A
Unit Number for Unit 4:
4855 B
Projected Rent for Unit 1:
$6,300
Projected Rent for Unit 2:
$2,800
Projected Rent for Unit 3:
$4,300
Projected Rent for Unit 4:
$4,300
Site Influences:
Alley Access, West of I-5
View:
City, Evening Lights
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Construction Material:
Stucco
Lot Size:
Switch units of measure6,970 sq. ft.
Parcel Number:
448-272-21-00
Heating:
Forced Air Unit
Heating fuel:
Natural Gas
Cooling:
Central Forced Air, Wall/Window
Pool Features:
N/K
Roof:
Other/Remarks
Security:
Other/Remarks
Water supply:
Meter on Property
Pets Allowed:
Yes
Zoning:
R-4:MULTIP
Fencing:
Full
Listed by The Agency
Data was last updated December 17, 2025 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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