4419 Narragansett Ave , San Diego, CA 92107
$4,088,000
Est. Payment: $22,298.80/mo
7 Bed
5 Bath
Status: Active | Days on site: 10
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House Description

Variance granted 2-4 Units: A rare coastal investment opportunity combining two substantial residences, exceptional parking, sophisticated design, and multiple income-producing strategies. This distinctive Point Loma property offers a 2,276-square-foot primary residence with 4 bedrooms and 2.5 bathrooms, complemented by a completely separate 1,200-square-foot second residence/ADU with 3 bedrooms and 2 bathrooms. The configuration creates exceptional flexibility for an investor, owner-user, multigenerational household, or buyer seeking to offset ownership costs with rental income. The property's two-residence layout provides multiple potential strategies, including renting both residences, living in one while leasing the other, multigenerational living, extended-stay accommodations, or maintaining a dedicated second residence for family, guests, or a home-based business, subject to applicable regulations and requirements. The separation between the residences enhances privacy while creating a compelling combination of lifestyle utility and investment potential. The 2,276-square-foot main residence showcases elevated modern design with subtle mid-century influences, expansive windows, soaring ceilings, rich wood flooring, dramatic full-height tiled feature walls, quartz countertops, and a sophisticated palette of walnut, white oak, crisp white, and bold black cabinetry. The kitchen features sleek designer appliances, a Blanco sink, and an oversized island designed for entertaining, casual dining, and everyday living. See Supplemental Remarks Multiple outdoor spaces further enhance the property's appeal, including a private side deck, backyard retreat, and exceptional rooftop entertaining area. The rooftop deck features built-in cabinetry, a refrigerator, expansive views, and refreshing coastal breezes—an ideal setting for entertaining, sunset gatherings, or enjoying the Point Loma lifestyle. The detached 1,200-square-foot second residence represents a significant component of the property's investment appeal. Offering 3 bedrooms, 2 bathrooms, designer finishes, and select ocean views, the residence functions as a substantial and completely separate living space with the potential to generate rental income while allowing the owner to occupy the main residence. For investors, the property presents an opportunity to diversify income across two residences rather than relying on a single rental unit. Ample parking for up to 7 vehicles, along with an electric vehicle charging outlet, adds meaningful value and functionality in this highly sought-after coastal location. For buyers evaluating the property through an investment lens, the combination of two substantial residences, flexible occupancy options, strong coastal location, exceptional parking, and high-quality construction creates a rare opportunity to acquire a versatile Point Loma asset with both lifestyle and income-producing potential. Located in the heart of Point Loma's coastal community, the property is just moments from the bay, Liberty Station, local dining and shopping, Sunset Cliffs, La Playa, and the vibrant energy of Ocean Beach. A rare opportunity to combine coastal living with flexible income potential and long-term investment utility in one of San Diego's most desirable neighborhoods.

Highlights

Listed by Kevin Bennett , 619-929-6858 and Cortney Bennett , 858-353-4436 Compass , 858-277-3325. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Year Built

2026

County

San Diego

Area

92107 - Ocean Beach

Neighborhood

Point Loma

Listing ID

260023048SD

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:5
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:Drip Irrigation/Bubblers,No Land Lease
Garage Capacity:0
Roof:Composition
Others:
  • ▪ Additional:2+ Total Units

Open House

Upcoming Open Houses
Sunday 1:00 pm - 4:00 pm Oct 4
Principal Interest
$22,299
Taxes
$2,606

Home Price

$4,088,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$817,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$22,298.80

Principal

Taxes

Principal Taxes HOA Total
Monthly $22,298.80 $2,606.10 $0.00 $24,904.90
Yearly $267,585.64 $31,273.20 $0.00 $298,858.84
Total $8,027,569.09 $938,196.00 $0.00 $8,965,765.09

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (San Diego, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-04T21:12:45.000Z

© 2026 CRMLS/Multi-Regional MLS

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