4419 Narragansett Ave, Ocean Beach (OB), CA 92107

Property 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.