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Multifamily

4642 Niagara Ave

4642 Niagara Ave, San Diego, CA 92107

Listing Price: $2,050,000

Cap Rate
1.85%
Number of Units
3
GRM
30.10
Occupancy
100.0%
Price/Unit
$683,333
Price/Gross SF
$1,057.79
Gross SF
1,938

Investment Overview

We're excited to present a distinctive investment opportunity with 4642-46 Niagara Ave, nestled in the vibrant and sought-after neighborhood of Ocean Beach in San Diego, California. This unique property features a 3-unit, individually condo-mapped apartment complex constructed in 1953, comprising one detached 2 Bed / 1 Bath house and two 1 Bed / 1 Bath units situated above three single-car garages and a separate storage area. The property boasts an impressive Walk Score of 86, underscoring its appeal with easy pedestrian access to local amenities and the famed OB Pier, located just four blocks away.

With its prime coastal location, the property has been self-managed and meticulously maintained, showcasing its potential for immediate occupancy or for strategic renovations to elevate rental incomes to current market rates, thus enhancing overall cash flow and investment value. The convenience of the nearby 8 and 5 freeways offers effortless commuting options, making this an exceptional opportunity to secure a value add asset in one of San Diego's premier coastal rental markets, where demand remains high and growth potential abounds. This offering represents a chance not only to invest in a piece of San Diego's coastal charm but also to capitalize on the considerable rental growth prospects in a community known for its laid-back lifestyle and scenic beauty.

Investment Highlights

  • Exceptional Ocean Beach Location
  • Walking Distance to the Beach
  • Well-Maintained Units - Value-Add Opportunity
  • Fully Condo-Mapped Building
  • Ideal Unit Mix of 1 & 2 Bed Units
  • Excellent Owner/User Investment Opportunity
  • Exit Strategy Could be to sell each Parcel Individually Since they Are Separate Condo APN's

Exclusively Listed By

Financing By

Multifamily

4642 Niagara Ave

Listing Price: $2,050,000

Cap Rate
1.85%
Number of Units
3
GRM
30.10
Occupancy
100.0%
Price/Unit
$683,333
Price/Gross SF
$1,057.79
Gross SF
1,938

Investment Highlights

  • Exceptional Ocean Beach Location
  • Walking Distance to the Beach
  • Well-Maintained Units - Value-Add Opportunity
  • Fully Condo-Mapped Building
  • Ideal Unit Mix of 1 & 2 Bed Units
  • Excellent Owner/User Investment Opportunity
  • Exit Strategy Could be to sell each Parcel Individually Since they Are Separate Condo APN's

Investment Overview

We're excited to present a distinctive investment opportunity with 4642-46 Niagara Ave, nestled in the vibrant and sought-after neighborhood of Ocean Beach in San Diego, California. This unique property features a 3-unit, individually condo-mapped apartment complex constructed in 1953, comprising one detached 2 Bed / 1 Bath house and two 1 Bed / 1 Bath units situated above three single-car garages and a separate storage area. The property boasts an impressive Walk Score of 86, underscoring its appeal with easy pedestrian access to local amenities and the famed OB Pier, located just four blocks away. With its prime coastal location, the property has been self-managed and meticulously maintained, showcasing its potential for immediate occupancy or for strategic renovations to elevate rental incomes to current market rates, thus enhancing overall cash flow and investment value. The convenience of the nearby 8 and 5 freeways offers effortless commuting options, making this an exceptional opportunity to secure a value add asset in one of San Diego's premier coastal rental markets, where demand remains high and growth potential abounds. This offering represents a chance not only to invest in a piece of San Diego's coastal charm but also to capitalize on the considerable rental growth prospects in a community known for its laid-back lifestyle and scenic beauty.

Exclusively Listed By

Financing By

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