San Diego, CA 92107,4973 Narragansett Ave.
San Diego, CA 92107,4973 Narragansett Ave.
San Diego, CA 92107,4973 Narragansett Ave.
San Diego, CA 92107,4973 Narragansett Ave.
San Diego, CA 92107,4973 Narragansett Ave.
San Diego, CA 92107,4973 Narragansett Ave.
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$1,400,000

$1,495,000

6.4%
Est.Price: ?

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Est. payment /mo

6,969 Sqft Lot


SOLD DATE : 01/08/2019

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Ocean Beach

MLS Listing ID 180054868

Sold Date 01/08/19

HOA Y/N No

Year Built 1947

Lot Size 6,969 Sqft

Property Description

South OB 4-Unit Property on +/- 6,995 SF Lot, within 2 Blocks of OB Pier, Beach, and local dining staples. This property features two single-story duplex buildings, each housing two 1Br/1Ba units (for 4 total 1Br/1Ba units). The rear building has a bank of 4 garages attached at the alley, and there is one covered surface off-street space. All units have spacious outdoor patio areas, front and rear access doors, wall heat, hardwood floors and cabinets, tile floors in kitchens and bathrooms. Built around 1947, and updated in the 1990s, the buildings are of wood-frame construction on a concrete on grade foundation, with pitched roofs, aluminum windows, and siding that is a combination of brick (lower portion), wood siding (upper portion), and stucco (bank of garages). Units have wall heat and ceiling fan/light fixtures, HW flooring (real Aus. HW) in living areas, tile in kitchens and bathrooms. Each unit has dedicated spacious outdoor patio area, as well as other common area outdoor space. In the early 2000s, the roof at the rear building was replaced. Separately metered for gas and electricity, landlord pays water/sewer. Upside potential through modernization/upgrades and raising rents to market levels for fixed-up product in the immediate area. Zoned RM-2-4 for redevelopment potential as well. Seller to complete a 1031 exchange. See video supplement and OM for further details. Neighborhoods: South OB Other Fees: 0 Sewer: Sewer Connected Number of Furnished Units: 0 Topography: LL

Location

State CA

County San Diego

Area 92107 - Ocean Beach

Interior

Heating NaturalGas

Cooling SeeRemarks

Fireplace No

Appliance GasWaterHeater

Exterior

Fence Partial

Roof Type Composition

Building

Story 1

Entry Level One

Level or Stories One

Others

Tax ID 4481722800

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

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California Regional MLS (CRMLS)
Listed by Joseph Burrough • Palma Commercial
Bought with Joseph Burrough • Palma Commercial
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4040 Barranca Pkwy, Irvine, CA, 92604

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