4643 Narragansett Ave, San Diego, California 92107, San Diego, 92107 - 2 bed, 3 bath
4643 Narragansett Ave
San Diego, California 92107
Property Price
SUMMARY
Analysis of 4643 Narragansett Ave, San Diego, California 92107 reveals a Prime Investment Opportunity with a current list price of $1,548,000—significantly undercutting the $1,599,276 Fair Market Value by 3%. This valuation gap indicates a +$51,276 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4643 Narragansett Ave Subject | $1,548,000* List Price | 2 | 3 | 1,554 | $1,029 | - |
A 4692 Niagara Ave Sold | $1,600,000 | 3 | 2 | 1,464 | $1,093 | 0.1 mi |
B 2226 Etiwanda Street 2 Sold | $1,450,000 | 3 | 2 | 1,700 | $853 | 0.6 mi |
C 4725 Saratoga Avenue Sold | $1,400,000 | 3 | 2 | 1,176 | $1,190 | 0.3 mi |
D 4111 Atascadero Dr Sold | $1,680,000 | 3 | 2 | 1,788 | $940 | 0.6 mi |
E 4522 Brighton Avenue Sold | $1,675,000 | 4 | 3 | 2,148 | $780 | 0.5 mi |
F 3886 Santa Cruz Sold | $1,580,000 | 3 | 2 | 1,924 | $821 | 0.7 mi |
G 4141 Whittier Street Active | $1,650,000 List Price | 3 | 2 | 1,844 | $895 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features several 'thoughtful updates' as described and shown in the images. The kitchen has been modernized with stainless steel appliances and stone countertops, and the bathrooms show updated tiling and fixtures. While the home was originally built in 1951, it has been well-maintained with updated flooring and the addition of solar panels. It does not meet the 'excellent' criteria as it is not a brand-new or total high-end renovation, but it exceeds 'fair' due to the quality of the interior finishes and functional systems.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Ocean Beach Elementary School (10/10).
- Exceptional Ocean Views
The property features sweeping ocean views from both the interior bonus room and an expansive backyard deck, a highly coveted asset in the Ocean Beach market.
- Development Potential
Situated in a prime coastal location, this classic home offers the flexibility to be enjoyed in its current state or redeveloped into a custom luxury estate.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4900, other record lot size in square feet = 6987. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Vintage Condition
Originally built in 1951, the home may require significant modernization or structural updates to meet the expectations of contemporary luxury buyers.
- Premium Price per Square Foot
At a list price of over $1.5M for approximately 1,554 square feet, the property represents a high entry point that primarily reflects land value and view potential.
About 4643 Narragansett Ave
Sweeping Ocean Views! Incredible Opportunity in a Prime Coastal Location! This classic beach home offers 3bds/2baths, plus a spacious & versatile bonus room featuring stunning ocean views—ideal for guests, a home office, or creative retreat. The backyard showcases an expansive view deck with plenty of space to relax, entertain, and soak in the coastal scenery. Move in and enjoy as-is with thoughtful updates, or take advantage of the prime location and build your dream coastal estate. This charming home allows you to embrace the coastal lifestyle! Additional highlights include solar, a garage and generous RV or boat parking along with an oversized laundry room with abundant cabinetry and storage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 4,900 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Ocean Beach Elementary School
Grades K-4 • 0.3 mi
Silver Gate Elementary School
Grades K-4 • 0.6 mi
Sunset View Elementary School
Grades K-4 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,554 | 2,084 | 27% |
| Lot Size | 4,900 | 7,000 | 24% |
| Price | $1.55M | $2.00M | 17% |
| Price per sq ft | $996 | $997 | 47% |
| Built year | 1951 | 1953 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 161 | 7% |
Pricing History
Listed for Sale
Mar 5, 2026
$1,548,000
Initial Listing
Sold
Jun 30, 2009
$855,000
Public Record
Sold
Dec 28, 2006
$825,000
Public Record
Sold
Jan 20, 1999
$329,000
Public Record
Sold
Dec 29, 1995
$335,000
Public Record