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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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Bought with Dylan C. Ackley • JLM Real Estate Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "