NOT LISTED FOR SALE

4960-4964 1/2 Narragansett Ave San Diego, CA 92107

Ocean Beach Neighborhood
4 Beds
4 Baths
2,186 Sq Ft
1940 Built

Last Sold August 12, 2013

Last sale price $870,000 $398 Per Sq Ft

25 Days on Market

Highlights

  • 7,000 Sq Ft lot
  • Partially Fenced Property
  • Wood Siding
  • Ocean Beach Elementary School Rated A
  • Level Lot
  • West of 5 Freeway

About This Home

As of August 2013

These classic Ocean Beach bungalows, situated on a 7000 sq ft lot with alley access, are perfectly sited just 1 1/2 blocks to the ocean! Nearby are the village shops and restaurants, a large sandy beach, and parks with yards and yards of green grass! Four 1 bedroom 1 bath cottages with parking for each in the back. Zoned RM 2-4 this property has excellent development potential as well. Trust sale, no court confirmation needed! PLEASE do not disturb tenants. A fantastic opportunity to own four classic Ocean Beach bungalows just 1 1/2 blocks from the ocean! These one bedroom one bath cottages have retained their original charm and character (along with some deferred maintenance) but have quite the appeal!!!! Close to the shops, sandy beaches, parks, and pier, this property is perfectly sited for the enjoyment of the Ocean Beach lifestyle. A solid rental history makes these a great property to hold as is, or it can be considered for development potential either now or in the future. A 7000 sq ft lot with alley access may be possible to build up to 4 units with a FAR of 70%. See side attachment for source. Buyers to satisfy self with current zoning, development potential, FAR, Historic Districts,etc, prior to writing offer. Trustee sale, no court confirmation needed.

Last Agent to Sell the Property

Claire Melbo

Berkshire Hathaway HomeServices California Properties License #00779018 Listed on: 06/07/2013

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Elleene Douglas

Pacific Real Estate Center License #00987253

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,000 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • West of 5 Freeway

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 448-181-07-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Bacon
  • Neighborhood: Ocean Beach
  • Supplement: A fantastic opportunity to own four classic Ocean Beach bungalows just 1 1/2 blocks from the ocean! These one bedroom one bath cottages have retained their original charm and character (along with some deferred maintenance) but have quite the appeal!!!! Close to the shops, sandy beaches, parks, and pier, this property is perfectly sited for the enjoyment of the Ocean Beach lifestyle. A solid rental history makes these a great property to hold as is, or it can be considered for development potential either now or in the future. A 7000 sq ft lot with alley access may be possible to build up to 4 units with a FAR of 70%. See side attachment for source. Buyers to satisfy self with current zoning, development potential, FAR, Historic Districts,etc, prior to writing offer. Trustee sale, no court confirmation needed.
  • LP / Sq Ft: 446.42
  • Price Per Sq Ft: 397.99
  • SP/ Sq Ft: 397.99
  • Stories: 1 Story
  • Sale Price List Price: 0.89
  • Unit Sq Ft: 2186.0
  • Total Stories: 1
  • Year Built: 1940
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • School District Old: San Diego Unified
  • Walk Score Desc: Very Walkable
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Wood
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: OCEAN BEACH

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: 4
  • Assessor Parcel Number: 448-181-07-00
  • Land Use Code: 413
  • Estimated Lot Dimensions: 50x140
  • Estimated Lot Sq Ft: 7000
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Map Code Column: J
  • Map Code Page: 1247
  • Map Code Row: 6

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Gross Rent Multiplier Actual: 18.93
  • Gross Sched Income Actual: 51540
  • Number Of Buildings: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Tax Info

  • Assessor Parcel Number: 4960-49641/2Narragansett92107

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2013 08/12/13 Sold $870,000 -10.8% $398 / Sq Ft
07/01/2013 07/01/13 Pending -- -- --
06/06/2013 06/06/13 For Sale $975,876 -- $446 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Claire Melbo

    Seller's Agent in 2013

    Claire Melbo

    Berkshire Hathaway HomeServices California Properties

    (858) 229-8383

    18 Total Sales

    Claire Melbo
    Section Image
  • Elleene Douglas

    Buyer's Agent in 2013

    Elleene Douglas

    Pacific Real Estate Center

    (619) 548-9249

    2 Total Sales

    Elleene Douglas
    Section Image
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Map

Source: San Diego MLS

MLS Number: 130029208

San Diego MLS

California San Diego County San Diego 92107 Ocean Beach

4960-4964 1/2 Narragansett Ave, San Diego, CA

This home is located at 4960-4964 1/2 Narragansett Ave, San Diego, CA 92107 since 07 June 2013. This property was built in 1940. 4960-4964 1/2 Narragansett Ave is a home located in San Diego County with nearby schools including Ocean Beach Elementary School, Richard Henry Dana Middle School, and Correia Middle School.

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