4527 Narragansett Ave

4527 Narragansett Ave

D

San Diego, CA 92107

$4,500,000

Soft Appraisal Value: $4,323,800 · 4.1% above estimate

Beds

5

Baths

4.5

Sqft

3,650

Year Built

1998

Days on Market

156

Property Type

Single Family

HOA/mo

N/A

MLS ID

250043069SD

Description

Experience the ultimate in coastal luxury with this Bristol-finished, one-of-a-kind, nautical-themed custom home in Ocean Beach, completed in 1998. A stunning 4-bedroom, 3.5-bathroom custom gem boasting 10-14 foot ceilings with an extra bedroom(ADU?) and bath over the garage. (In total, 5 bedrooms, 4.5 bathrooms.)The alley access garage is the perfect size for parking a Sprinter Van or small RV, providing secure parking. Perched high above the Pacific, with excellent walkability into Ocean Beach proper and just 6 blocks from the sand and waves. This architectural masterpiece offers expansive ocean views from each level, a custom bar in the downstairs living room, high-end custom finishes (such as a repurposed bronze channel marker buoy converted into a showpiece light above the main stairwell, copper, brass, bronze, stainless steel, and teak), incredible outdoor living spaces, and a rooftop deck with a jacuzzi featuring a 360-degree ocean-to-mountain view. Upstairs is an open and airy floor plan bathed in natural light, featuring an unbelievable gourmet kitchen with a repurposed copper smokestack from a decommissioned naval ship as a stovetop hood, custom repurposed teak yacht deck flooring, a new 24-bottle wine cooler, custom solid teak cabinetry, and a most surreal ocean view dining and family room area. The luxurious primary suite is a true private retreat, featuring a gas fireplace and an epic ocean view, complete with a spa-like en-suite, a giant walk-in closet, and a deck overlooking the blue horizon. This custom home captures the essence of California coastal living Private showings available.SELLER OWNS THE HOME NEXT DOOR TO THE WEST AND HAS CONTROL OF THE HEIGHT OF THIS HOME. Experience the ultimate in coastal luxury with this Bristol-finished, one-of-a-kind, nautical-themed custom home in Ocean Beach, completed in 1998. A stunning 4-bedroom, 3.5-bathroom custom gem boasting 10-14 foot ceilings with an extra bedroom(ADU?) and bath over the garage. (In total, 5 bedrooms, 4.5 bathrooms.)The alley access garage is the perfect size for parking a Sprinter Van or small RV, providing secure parking. Perched high above the Pacific, with excellent walkability into Ocean Beach proper and just 6 blocks from the sand and waves. This architectural masterpiece offers expansive ocean views from each level, a custom bar in the downstairs living room, high-end custom finishes (such as a repurposed bronze channel marker buoy converted into a showpiece light above the main stairwell, copper, brass, bronze, stainless steel, and teak), incredible outdoor living spaces, and a rooftop deck with a jacuzzi featuring a 360-degree ocean-to-mountain view. Upstairs is an open and airy floor plan bathed in natural light, featuring an unbelievable gourmet kitchen with a repurposed copper smokestack from a decommissioned naval ship as a stovetop hood, custom repurposed teak yacht deck flooring, a new 24-bottle wine cooler, custom solid teak cabinetry, and a most surreal ocean view dining and family room area. The luxurious primary suite is a true private retreat, featuring a gas fireplace and an epic ocean view, complete with a spa-like en-suite, a giant walk-in closet, and a deck overlooking the blue horizon. This custom home captures the essence of California coastal living and is a must-see to believe.

Mortgage Calculator

Est. Monthly Payment

$28,567

Principal & Interest$22,754
Property Tax$4,500
Insurance$1,312
%($900,000)
%

Investment Score

0D
Est. Monthly Rent
$7,811
Monthly Cashflow

Rent − PITIA

$-20,755
Full Cashflow

Incl. vacancy, PM, maint, capex

$-26,302

Mortgage (P+I)
$22,754
Cap Rate
-0.95%
Cash-on-Cash
-35.07%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$41,969

NOI (Annual)
$-42,570
Price-to-Rent

Lower = better for investors

48.0

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

Get Expert AnalysisOpen Full Calculator