4620 Narragansett

4620 Narragansett

D

San Diego, CA 92107

$4,199,000

Beds

Baths

Sqft

3,437

Year Built

2003

Days on Market

95

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2509345

Description

Experience coastal luxury perched overlooking the Pacific Ocean from your two beautifully designed homes. The front home features approximately 2,358 sq. ft., boasting four bedrooms and three bathrooms with a flexible floor plan ideal for multi-generational living or work-from-home flexibility. Upstairs, the expansive primary suite offers serenity and refined comfort, complete with a soaking tub, steam shower, dual sinks, abundant bespoked storage abounds, two primary closets, a dedicated shoe closet, and additional cabinetry. A bonus office/bedroom sits nearby, creating the perfect retreat for relaxation or productivity and more custom built-ins. The main level highlights two bedrooms and two baths, a spacious great room, and a chef’s kitchen equipped with a GE Profile column refrigerator and freezer, Viking range and hood, marble countertops, double-drawer Fisher & Paykel dishwasher, and 25-lb. ice maker. Meticulous craftsmanship is evident throughout — from the true inset cabinetry and hidden drawers to the thoughtful appliance garages and designer finishes. Luxury continues outdoors with a saltwater pool and spa surrounded by new turf and 2024 drainage upgrades. A dry bar with dual beverage refrigerators in the great room and a full laundry room open directly to this resort-style space. Three gas fireplaces—including one at the foot of the primary bed—add warmth and ambiance throughout the home. The front home is powered by 40 solar panels (PPA approx. $0.20/kWh, transferrable) and this home is served by private parking in a two-car garage, plus an additional one-car garage. At the rear of the property, on the alley, is a separate two-bedroom, one-bath second home (approx. 899 sq. ft.) above a three-car garage, currently leased for $4,395/month. This second home features a newly remodeled bathroom (2025) and refreshed kitchen (2024) with new counters, sink and more. Updated garages include brand-new epoxy floors, slat walls, stainless sinks, and custom storage, with an EV charger serving the main residence. Additional highlights include a movie/playroom beneath the main home, ideal for guests or family entertainment, and an ocean-view deck above the front garage showcasing stunning sunsets. Recent upgrades include a 2025 water heater with recirculating system, as well as a whole-home water softener and filtration system. This exceptional dual-home property combines craftsmanship, design, and effortless coastal living — a rare opportunity in Ocean Beach.

Mortgage Calculator

Est. Monthly Payment

$26,656

Principal & Interest$21,232
Property Tax$4,199
Insurance$1,225
%($839,800)
%

Investment Score

0D
Est. Monthly Rent
$6,857
Monthly Cashflow

Rent − PITIA

$-19,799
Full Cashflow

Incl. vacancy, PM, maint, capex

$-24,876

Mortgage (P+I)
$21,232
Cap Rate
-1.04%
Cash-on-Cash
-35.55%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$39,163

NOI (Annual)
$-43,719
Price-to-Rent

Lower = better for investors

51.0

* 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.

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