Sold

5022-28 Narragansett Ave

Ocean Beach CA, 92107

$2,100,000


Sold

5 Beds

4 Baths

Multi-family

Built in 1948

5022-28 Narragansett Ave is a 4-unit property in Ocean Beach, comprising one 2-bed, 1-bath unit and three 1-bed, 1-bath units, along with four single-car garages. With the roof replaced last year, this property offers a prime investment opportunity, with estimated market rents for the 2-bedroom unit at $3,400 and the 1-bedroom units at $2,795. Located west of Bacon Street, close to the water, Ocean Beach Pier, dining, shops, and entertainment, its coastal proximity ensures high demand. With a diverse tenant pool and added value from garages, this investment promises steady rental income and long-term appreciation in Ocean Beach's strong rental market.

240012496

MLS ID

June 3, 2024

Listed

November 22, 2024

Updated

Map

5022-28 Narragansett Ave
Ocean Beach CA, 92107

Interior Features

Total Stories

1


Bedrooms

5


Total Bathrooms

4


Full Bathrooms

4


Appliances

Dishwasher, Range/Oven, Refrigerator, Dryer, Washer


Laundry Description

Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups, Unit 4 Hookups


Fireplace

No


Cooling

No


Cooling Description

None, Other/Remarks


Heating

No

Exterior/Building Features

Roof

Tile

Other Property Details

Area Name

Coastal South


Days on Market

36


Garage

Yes


Parking

Garage


View

No


County

San Diego


Pool

No

Listing History

Date

Event

Price

9/24/2024

Price change

$2,100,000

-3%

9/24/2024

Sold

$2,100,000

8/20/2024

Pending

8/13/2024

Price change

$2,150,000

-7%

8/13/2024

Active

8/5/2024

Pending

Listed by JLM Real Estate Inc, Jason J Lee,
Listing Contact: 949-207-8321 

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Data last updated 9:00 PM UTC, 11/22/2024

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