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.
Sold for $2,100,000
$2,100,000
5022-28 Narragansett Ave, San Diego, CA 92107
5beds
--sqft
Multi Family
Built in 1948
-- sqft lot
$2,500,500 Zestimate®
$--/sqft
$4,603 Estimated rent
Home value
$2,500,500
$2.18M - $2.90M
$4,603/mo
Zestimate® history
Owner options
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$4,603/mo
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$4,603/mo
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$13,319/mo
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Zillow last checked:
Listing updated:
Listed by:
Jason J Lee DRE #02068011 949-207-8321,
JLM Real Estate Inc.,
Kyle Connor DRE #02192324 925-588-4828,
JLM Real Estate Inc.
Bought with:
Dylan C. Ackley, DRE #02139234
JLM Real Estate Inc.
Source: SDMLS,MLS#: 240012496
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- N/K, Other/Remarks
Interior area
- Total structure area: 0
Property
Features
- Levels: 1 Story
- Fencing: Full,Other/Remarks
Details
- Parcel number: 4480820800
- Special conditions: Call Agent
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other/Remarks, Stucco
- Roof: Tile/Clay
Condition
- Year built: 1948
Community & HOA
Community
- Security: N/K, Other/Remarks
- Subdivision: OCEAN BEACH
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $2,142,000
- Date on market: 6/3/2024
- Listing terms: Cash,Conventional,FHA,VA
- Tenant pays: N/K, Other/Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2024 | Sold | $2,100,000-2.3% |
Source:  SDMLS #240012496 Report a problem | ||
| 8/20/2024 | Pending sale | $2,150,000 |
Source: SDMLS #240012496 Report a problem | ||
| 8/13/2024 | Price change | $2,150,000-6.3% |
Source: SDMLS #240012496 Report a problem | ||
| 8/5/2024 | Pending sale | $2,295,000 |
Source: SDMLS #240012496 Report a problem | ||
| 6/3/2024 | Listed for sale | $2,295,000 |
Source: SDMLS #240012496 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $2,142,000 +2% |
| 2025 | $26,848 +215.1% | $2,100,000 +204.4% |
| 2024 | $8,520 +2.3% | $689,900 +2% |
| 2023 | $8,330 +2.7% | $676,374 +2% |
| 2022 | $8,108 +0.7% | $663,113 +2% |
| 2021 | $8,053 +1.2% | $650,112 +1% |
| 2020 | $7,955 +2.4% | $643,446 +2% |
| 2019 | $7,772 +6.4% | $630,830 +2% |
| 2018 | $7,306 +2.4% | $618,461 +2% |
| 2017 | $7,132 +1.7% | $606,335 +2% |
| 2016 | $7,016 +1.5% | $594,447 +1.5% |
| 2015 | $6,913 +1.6% | $585,519 +2% |
| 2014 | $6,805 | $574,050 +0.5% |
| 2013 | -- | $571,456 +2% |
| 2012 | -- | $560,252 +2% |
| 2011 | -- | $549,267 +0.8% |
| 2010 | -- | $545,163 -0.2% |
| 2009 | -- | $546,459 +2% |
| 2008 | -- | $535,745 +2% |
| 2007 | -- | $525,241 +2% |
| 2006 | -- | $514,943 +2% |
| 2005 | -- | $504,847 +2% |
| 2004 | -- | $494,949 +1.9% |
| 2003 | -- | $485,879 +2% |
| 2002 | -- | $476,353 +2% |
| 2001 | -- | $467,014 |
Find assessor info on the county website
Neighborhood: Ocean Beach
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Nearby schools
GreatSchools rating
- 10/10Ocean Beach Elementary SchoolGrades: K-4Distance: 0.4 mi
- 6/10Correia Middle SchoolGrades: 7-8Distance: 1.2 mi
- 9/10Point Loma High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$2,500,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,500,500
- California
- San Diego County
- San Diego
- 92107
- Ocean Beach
- 5022-28 Narragansett Ave
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