4973-79 Narragansett Ave. San Diego, CA 92107

Summary

Ocean Beach – 4973-79 Narragansett Avenue, a Four (4) unit apartment property comprised of all 1br/1ba units, with four garages and one surface off-street parking space, has sold for $1,400,000, all cash.  This was the Seller’s down-leg in a 1031 exchange.

Exclusive marketing and representation of Seller, the Bradshaw Family Rev. Trust out of Escondido, was handled by Joseph Burrough of Palma Commercial.  Buyer, Mills Trust out of Palos Verdes Peninsula, was also represented by Palma Commercial.

Built around 1947 over a +/- 7,000 SF lot, the property is comprised of two single-story duplex buildings and a bank of garages at the alley.  Units have individual patios, front and rear-door access, and are within two blocks of the iconic Ocean Beach Pier.