5054-58 Narragansett Avenue
San Diego, California CA 92107
$3,574,000 Price
SOLD Status
7,004 Square Feet
0.160 Acres
170008984 Listing ID
Ocean view upgraded income producing Units, just one block to beach! 4 units, 1 building with 12 individual room rentals or Four 3br single family rentals. Each unit has 3 BR's with private esuite bath, LR/ Kitch + a private balcony/side yard.3 two car tandem garages & 11 total parking spaces. Walk to pier, shops & restaurants. Approved plans for Condo conversion. Former beach and breakfast and designed to maximize vacation rental income. Can gross over $40k monthly for all 4 units with 10% vacancy.
Virtual Tour
Status SOLD
County San Diego
Year Built 1991
Property Type 2-4 Units
2-4 Units
Property Sub Type Res Income 2-4 Units
{"zipcode": "92107", "price": "3574000"}
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Primary Features

County: San Diego
Property Type: 2-4 Units
Year Built: 1991
Zoning: R-4:MULTIP

Additional

Age Restrictions: N/K
Assessors Parcel Number: 448-082-05-00
Community: OCEAN BEACH
Complex/Park: n/a
DOMLS: 59
Land Use Code: R4
Limited Service: No
MT: 59
Number of Buildings: 1
Number of Furnished Units: 4
Number of Units: 4
Number of Units With Dryers: 4
Number of Units With Fireplaces: 4
Number of Units With Garage: 3
Number of Units With Patios: 4
Number of Units With Range/Oven: 4
Number of Units With Refrigerator: 4
Number of Units With Washers: 4
Number Units With Dishwashers: 4
Pets: Allowed w/Restrictions
Sales Restrictions: N/K
Security: N/K
Terms: Cash, Conventional
Property Sub Type: Res Income 2-4 Units
Unit 1 Estimated SqFt: 1304
Unit 1 Laundry Hook Ups: Yes
Unit 2 Laundry Hook Ups: Yes
Unit 3 Laundry Hook Ups: Yes
Unit 4 Laundry Hook Ups: Yes
Unit Number for Unit 1: 1
Unit Number for Unit 2: 2
Unit Number for Unit 3: 3
Unit Number for Unit 4: 4

Financial Details

Annual Expense Actual: 30000
Cap Rate Actual: 6.2
Cap Rate Projected: 10.4
Gross Rent Multiplier Actual: 7.51
Gross Rent Multiplier Project: 6.49
Gross Scheduled Income Actual: 252300
Gross Scheduled Income Project: 551088
Max Search Price: 3574000
Original Price: 3574000
Short Sale: No
Tenant Pays: Water, Cable TV, Electricity
Unit 1 Deposit: 3600
Unit 1 Projected Rent: 10449
Unit 1 Rent Actual: 7000
Unit 2 Projected Rent: 10449
Unit 2 Rent Actual: 4485
Unit 3 Deposit: 3600
Unit 3 Projected Rent: 10449
Unit 3 Rent Actual: 3600
Unit 4 Projected Rent: 10449
Unit 4 Rent Actual: 7209
Value Range Pricing: no

External Features

Entry Only: Yes
Exterior Finish: Wood
Fencing: Partial
Lot Size: 4,000-7,499 SF
Parking Garage Unit 1: Tandem
Parking Garage Unit 2: Tandem
Parking Garage Unit 3: Tandem
Parking Garage Unit 4: Tandem
Parking Non-Garage Unit 4: Assigned
Pool: N/K
Pool Heat: None Known
Roof: Composition
Sign on Property: No
Unit 1 Exclusive Use Yard: No
Unit 1 Parking Garage Space: 2
Unit 2 Exclusive Use Yard: Yes
Unit 2 Parking Garage Space: 2
Unit 3 Exclusive Use Yard: Yes
Unit 3 Parking Garage Space: 2
Unit 4 Exclusive Use Yard: Yes

Interior Features

Cooling: N/K
Stories: 2 Story
Unit 1 Number Bedrooms: 3
Unit 1 Number of Full Baths: 3
Unit 1 Number Total Baths: 3
Unit 2 Estimated SqFt: 1304
Unit 2 Number Bedrooms: 3
Unit 2 Number of Full Baths: 3
Unit 2 Number Total Baths: 3
Unit 3 Estimated SqFt: 1304
Unit 3 Number Bedrooms: 3
Unit 3 Number of Full Baths: 3
Unit 3 Number Total Baths: 3
Unit 4 Estimated SqFt: 1304
Unit 4 Number Bedrooms: 3
Unit 4 Number of Full Baths: 3
Unit 4 Number Total Baths: 3

Location Information

Cross Street(s): Bacon
Full Address: 5054-58 Narragansett Avenue
Market Area: Coastal South
Neighborhood: n/a
Water District: CITY OF SAN DIEGO
Zip/Area: OCEAN BEACH (92107)

Zoning Info


Listing courtesy of Staged Homes Real Estate
©2017 Sandicor, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from Sandicor, Inc. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data updated on Tuesday, July 25th, 2017.

Contact - Listing ID 170008984

Debbie Avey

335 Main Street
Vista, CA 92084
Phone: 7602127355
Phone Alt: 7602127355
Fax: 7606833955

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