
4554 Narragansett Avenue
Ctop 80%San Diego, CA 92107
One license per person in San Diego: whether you can hold it depends on you, not only the home.
181 licensed short-term rentals within ½ mile (119 whole home), from the cities' license and permit lists of Nov 6, 2026.
Pass at asking: -$12,849/mo full cashflow at 20% down, 7.43% rate.
Works at $727,056 (70% under asking), or at 98% down.
Rent $7,252/mo from 11 leases of 3–5 bed houses within 1 mi ($6,071–$7,035).
Beds
4
Baths
3.5
Sqft
1,882
Year Built
1941
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608232
This property is in San Diego (92107). View neighborhood stats →
About This Property
Experience coastal elegance with two beautifully remodeled residences, both offering stunning ocean views, sophisticated finishes, and modern luxury in the heart of Ocean Beach. The impressive 3-bedroom, 2.5 bathroom main residence showcases a stunning chef-inspired kitchen with custom cabinetry, Carrara-style countertops, premium FORNO appliances, and designer brass accents. Additional highlights include gorgeous engineered hardwood flooring, elegant lighting, a contemporary fireplace, beautifully remodeled bathrooms with a freestanding soaking tub, and a bi-fold door creating seamless indoor-outdoor living. Charming coastal architecture, a redesigned front porch, custom wrought-iron railing, refreshed landscaping, and a one-car garage complete this exceptional home. The fully remodeled 1-bedroom, 1-bathroom rear residence features beautiful ocean views, its own parking, a spacious walk-in closet, and stylish modern finishes. Perfect for extended family, guests, or potential rental income. Ideally located in desirable Ocean Beach, just minutes from beaches, dining, shopping, and coastal attractions. A rare opportunity to own two luxurious, move-in-ready residences with ocean views in one of San Diego’s most sought-after coastal communities!
Mortgage Calculator
Est. Monthly Payment
$16,433
Location
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Zoned Schools
Elementary
Ocean Beach Elementary · grades PK-4 · San Diego Unified
Middle
Correia Middle · grades 7-8 · San Diego Unified
High
Point Loma High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$7,252
Comp Average
$6,635
3805 Atascadero Dr
3bd / 2ba · 1,680 sqft · Single Family
$1.77M
Est. $5,914/mo
1776 Cable Street
4bd / 3ba · 2,218 sqft · Single Family
$2.25M
Est. $7,327/mo
4523 Muir Ave
3bd / 2.5ba · 1,687 sqft · Single Family
$1.98M
Est. $6,231/mo
4637 Del Mar Ave
4bd / 2ba · 1,649 sqft · Single Family
$2.50M
Est. $6,652/mo
4535 Coronado
4bd / 3ba · 2,009 sqft · Single Family
$2.70M
Est. $7,050/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
11 leases of 3–5 bed houses within 1 mi · $6,071–$7,035
Blended 50/50 with the zip's market median ($8,065)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$12,849/mo short at 20% down; 98% down or +$16,687/mo rent closes it.
- Break-even price
- $727,056
- Break-even rent
- $23,939/mo
- Cashflow at 35% down
- −$10,349/mo
- Down payment to break even
- 98%
- Rate to break even
- Not reachable
70% under asking
$16,687/mo above the estimate
$2,351,999 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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