
San Diego, California 92107
Analysis of 4620 Narragansett, San Diego, California 92107 is currently available with a list price of $3,999,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property demonstrates exceptional quality with extensive recent renovations and high-end upgrades completed in 2024 and 2025. The main residence features a chef's kitchen with premium Viking and Fisher & Paykel appliances, marble countertops, and custom inset cabinetry, while the second unit boasts a 2024 kitchen refresh and a 2025 bathroom remodel. With brand-new systems including a 2025 water heater, whole-home filtration, and updated drainage, the property shows no deferred maintenance and meets modern luxury standards.
Elementary School: Ocean Beach Elementary School (10/10).
The property features a detached 899 sq. ft. second home currently leased for $4,395 per month, offering a substantial revenue stream to offset mortgage costs or support multi-generational living.
The main residence is a luxury retreat featuring a saltwater pool and spa, a chef's kitchen with Viking and Fisher & Paykel appliances, and an ocean-view deck perfect for sunset viewing.
The 40-panel solar system is under a Power Purchase Agreement (PPA) rather than being owned outright, requiring the buyer to assume a long-term contractual obligation and monthly payments.
The property has undergone multiple significant price reductions from its original $4.49M listing, suggesting a disconnect between the initial valuation and current market demand for the area.
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.
No exterior & parking available.
Grades K-4 • 0.3 mi
Grades K-4 • 0.6 mi
Grades K-4 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,437 | 2,775 | 67% |
| Lot Size | 7,000 | 6,415 | 67% |
| Price | $4.00M | $1.85M | 67% |
| Price per sq ft | $1.2K | $667 | 67% |
| Built year | 2003 | 1965 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 112 | 132 | 33% |
Apr 8, 2026
$3,999,000
$4,199,000
-5% Price Drop
Initial Listing
Mar 21, 2026
$4,199,000
$4,399,000
-5% Price Drop
Initial Listing
Jan 1, 2026
$4,399,000
Initial Listing
Dec 31, 2025
$4,499,422
Initial Listing
Dec 29, 1999
$374,000
Public Record
Nov 15, 1994
$226,000
Public Record