$2,850,000

4985 Narragansett Ave Unit 87 San Diego, CA 92107

Ocean Beach Neighborhood

Estimated payment $18,455/month

Total Views 1,760
4 Beds
4 Baths
1,900 Sq Ft
$1,500 Price per Sq Ft

Highlights

  • Corner Lot
  • Partially Fenced Property
  • Heating System Uses Natural Gas
  • Ocean Beach Elementary School Rated A
  • West of 5 Freeway
  • 1-Story Property

About This Home

Smell the Salt! South Ocean Beach Triplex only a super short block to beaches & pier, half a block to live music, award-winning (dog-friendly!) restaurants and shopping. 3 units consisting of (1) 2 bedroom-2 full bath, and (2) 1 bedroom, 1 bath spacious units, all with direct entry, private yards, upgraded windows, granite counters, independent electric meters, 2 separate One-car garages +3 On-Site spaces. Locomotion at its finest! ***Check out short term values. Nearby: Robb Sports Field, Dog Beach, Sunset Cliffs, Short drive to SAN(San Diego International Airport), Balboa Park, Mission Bay, Mission Beach, La Jolla Shores, Torrey Pines Hiking & Golf Courses. *[Buyer to verify all].

Listing Agent

Natalie Harris

Coldwell Banker West License #01270748 Listed on: 07/31/2025

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,000 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Security System Leased

Location

  • West of 5 Freeway

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 4481723000

Community Details

Overview

  • 3 Units
  • San Diego Community

Building Details

  • Net Operating Income $89,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

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
  • Miscellaneous: Value in Land
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1948
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Security: Eqpt Leased
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric, Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: SAN DIEGO
  • Community: OCEAN BEACH

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Assessor Parcel Number: 4481723000
  • Estimated Lot Sq Ft: 6000

Rental Info

  • Tenant Pays: Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 89260
  • Annual Expense Actual: 11300
  • Gross Rent Multiplier Actual: 28.0
  • Gross Rent Multiplier Projected: 25.0
  • Gross Sched Income Actual: 100560
  • Gross Sched Income Projected: 113400
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Map

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
07/31/2025 07/31/25 For Sale $2,850,000 -- $1,500 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250034880

San Diego MLS

APN: 448-172-30-00