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4851 Narragansett AveSan Diego, CA 92107

For Sale

$3,599,000

Smart Buyer Rebate $35,990

Updated 4-unit in Ocean Beach, only 2.5 blocks from the sand! Each unit has its own 2 car garage, separate electrical & water meters and laundry hook-ups. This versatile compound includes a 3BR/2BA front home, a detached updated large Studio, & two mirror-image 2BR/2BA townhomes. 8 bedrooms total and a stellar outdoor area with garden setting. Each unit has a 2- car garage, and separate electrical & water meters, and in-unit laundry hookups, making this an exceptional income property or multi-generational living opportunity. || Unit 1: 3BR/2BA Single-Family Home (Approx. 1,100 sq ft): Features centralAC , beautiful hardwood flooring, ample cabinetry, quartz countertops, newer appliances, updated lighting, and fresh paint. The large driveway provides 4 extra parking spaces. || Units 2 & 3 :Two Updated 2BR/2BA Townhomes: Each townhome features high vaulted ceilings, modern kitchens and baths, luxury vinyl plank flooring, large private patios/decks, indoor laundry hookups, and additional storage. Believed to have been built to condo specifications, offering potential for separate resale. || Unit 4 : Detached Updated Studio: Perfect as a guest unit, rental, or in-law suite. || Additional highlights include 2 EV chargers, easy walking access to beach, shopping, and dining. A built-in laundry room for cleaning crews or shared machines. Additional Storage shed for beach chairs and umbrellas. Currently operated as a high-performing Airbnb attracting wedding groups, corporate stays, and family vacationers.

Listed by Monique LeBlanc

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License #01826588

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The Agency

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858-752-9466

Last updated December 11, 2025

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Source: CRMLS #250044828SD

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Ocean Beach
  • Days on Prevu13

Amenities

  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

11/29/2025
Listed by The Agency
$3,599,000

Property Details for 4851 Narragansett Ave

Exterior

Construction

  • Number Of Units Total: 4
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1970

Measurements

  • Lot Size Acres: 0.16
  • Lot Size Area: 6,991
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,991
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 4482722100

Other

Location

  • Subdivision Name: Ocean Beach

Utilities

Equipment

  • Cooling: Central Air, Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 4851 Narragansett Ave.

How does 4851 Narragansett Ave compare to other multi-family homes in South Ocean Beach?

This multi-family home is listed 5% below the average price for multi-family homes in South Ocean Beach and has been on the market for 10 more days than the typical home in this area.

4851 Narragansett Ave is a -bedroom multi-family home for sale in San Diego CA 92107. Listed on Prevu for 13 days at $3,599,000. This property is located in San Diego. The median listing price for multi-family homes in this area is $3,800,000. Property amenities include air conditioning and parking. Browse more multi-family home listings in San Diego.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.