San Diego, CA 92107,5022-28 Narragansett Ave
San Diego, CA 92107,5022-28 Narragansett Ave
San Diego, CA 92107,5022-28 Narragansett Ave
San Diego, CA 92107,5022-28 Narragansett Ave
San Diego, CA 92107,5022-28 Narragansett Ave
San Diego, CA 92107,5022-28 Narragansett Ave
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$2,100,000

$2,150,000

2.3%
Est.Price: ?

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Est. payment /mo

5 Beds

4 Baths


SOLD DATE : 09/23/2024

Key Details

Sold Price $2,100,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Subdivision Ocean Beach

MLS Listing ID 240012496

Sold Date 09/23/24

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1948

Property Description

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.

Location

State CA

County San Diego

Community Ocean Beach

Area Ocean Beach (92107)

Building/Complex Name Ocean Beach

Interior

Cooling N/K, Other/Remarks

Exterior

Exterior Feature Other/Remarks, Stucco

Fence Full, Other/Remarks

Roof Type Tile/Clay

Building

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, FHA, VA

Space Rent $2,500

Listing Terms Cash, Conventional, FHA, VA

Financing Cash

Special Listing Condition Call Agent

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San Diego Regional MLS (SDMLS)
Listed by Jason J Lee • JLM Real Estate Inc
Bought with Dylan C. Ackley • JLM Real Estate Inc
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