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Multifamily

5064-66 Niagara Ave

5064-66 Niagara Ave, San Diego, CA 92107

Listing Price: $3,950,000

Cap Rate
2.92%
Number of Units
6
GRM
20.75
Price/Unit
$658,333
Price/Gross SF
$969.80
Gross SF
4,073

Investment Overview

Marcus and Millichap and MD Real Estate Inc is pleased to present 5064-5066 Niagara Avenue, a 6-unit multi-family property located just a stone’s throw from the beach in the highly coveted Ocean Beach neighborhood of San Diego, California. Resting just a few properties from Ocean Beach Pier and one property from popular Newport Avenue, 5064-66 Niagara Avenue is comprised of two 2-story buildings with 6 partially upgraded, very well-maintained units. Units are comprised of a large 1,320 square foot 3-bedroom / 2-bath unit and five 1-bedroom / 1-bath (from 497-619 square feet). Units feature a mix of floating vinyl plank, tile and hardwood flooring, original hardwood cabinetry (a select few with custom white cabinets), quartz and formica countertops, tiled showers and high-quality vanities. There are three garages, two parking spots, and one tandem spot. The property has great bones and a sophisticated investor should bring all units to highest-end finished and lease short or long-term at market rate.

Investment Highlights

  • Prime Ocean Beach Location A Stone's Throw From The Ocean
  • Extremely Rare Near-Beach Property With Panoramic Ocean Views
  • Extreme Upside In Rents Through High End Renovations
  • ADU Potential For One Or Two Units Through Garage Conversions
  • Three garages, two parking spots, and one tandem spot (7 Total Parking Spaces)

Exclusively Listed By

Multifamily

5064-66 Niagara Ave

Listing Price: $3,950,000

Cap Rate
2.92%
Number of Units
6
GRM
20.75
Price/Unit
$658,333
Price/Gross SF
$969.80
Gross SF
4,073

Investment Highlights

  • Prime Ocean Beach Location A Stone's Throw From The Ocean
  • Extremely Rare Near-Beach Property With Panoramic Ocean Views
  • Extreme Upside In Rents Through High End Renovations
  • ADU Potential For One Or Two Units Through Garage Conversions
  • Three garages, two parking spots, and one tandem spot (7 Total Parking Spaces)

Investment Overview

Marcus and Millichap and MD Real Estate Inc is pleased to present 5064-5066 Niagara Avenue, a 6-unit multi-family property located just a stone’s throw from the beach in the highly coveted Ocean Beach neighborhood of San Diego, California. Resting just a few properties from Ocean Beach Pier and one property from popular Newport Avenue, 5064-66 Niagara Avenue is comprised of two 2-story buildings with 6 partially upgraded, very well-maintained units. Units are comprised of a large 1,320 square foot 3-bedroom / 2-bath unit and five 1-bedroom / 1-bath (from 497-619 square feet). Units feature a mix of floating vinyl plank, tile and hardwood flooring, original hardwood cabinetry (a select few with custom white cabinets), quartz and formica countertops, tiled showers and high-quality vanities. There are three garages, two parking spots, and one tandem spot. The property has great bones and a sophisticated investor should bring all units to highest-end finished and lease short or long-term at market rate.

Exclusively Listed By

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