$2,050,000
Units: 3
14 Days On Market

Courtesy of Marcus & Millichap.

Property Type: Res Income 2-4 Units
Status: Active
Neighborhood: Ca
Days On Website: 14

Property Details for 4642-46 Niagara Ave, San Diego, CA 92107

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. The property boasts an impressive Walk Score of 94, 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.

Appliances & Equipment

  • 3 units with oven
  • 3 units with refrigerator
  • 3 units with dishwasher

Building

  • 3 units
  • Built in 1947
  • 1 story
  • 2 buildings

Cooling

  • Other/Remarks

Exterior Features

  • 3 units with patio
  • Other/Remarks

Garage

  • 3 units with garage

Listing

  • Source: SDMLS
  • Listing date: 2024-04-16
  • 9 days on market
  • For Sale

Location

  • County: San Diego
  • Complex/park: Complex
  • Community: Ocean Beach

Lot

  • 4,000-7,499 SF

Fence

  • Other/Remarks

Unit One

  • Unit #: 4642
  • Projected Rent: $4,175
  • Actual Rent: $2,300
  • 2 bedrooms
  • 1 total bathroom
  • 1 full bathroom
  • 662 estimated square feet
  • Laundry hookups: No
  • Exclusive-use yard
  • Occupancy: Tenant

Unit Two

  • Unit #: 4644
  • Projected Rent: $3,445
  • Actual Rent: $1,675
  • 1 bedroom
  • 1 total bathroom
  • 1 full bathroom
  • 638 estimated square feet
  • Laundry hookups: No
  • Occupancy: Tenant

Unit Three

  • Unit #: 4646
  • Projected Rent: $3,445
  • Actual Rent: $1,700
  • 1 bedroom
  • 1 total bathroom
  • 1 full bathroom
  • Laundry hookups: No
  • Occupancy: Tenant

Roof

  • Other/Remarks

Security Features

  • Other/Remarks

Map View


$2,050,000 - 4642-46 Niagara Ave, San Diego, CA 92107

Street View


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4642-46 Niagara Ave
San Diego, CA 92107
County: San Diego