4766-4780 Niagara Ave - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$5,000,000 USD
858-401-0557
4766-4780 Niagara Ave, San Diego, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/19
null | 3.7% Cap Rate

4766-4780 Niagara Ave
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • Highly maintained - New Roof, New Exterior Paint, Remodeled Units
  • Classic Spanish tile roofs and stucco exteriors reflect authentic coastal architecture.
  • Ample garage parking and on-site laundry add everyday convenience for residents.
  • Walkable to the beach, Ocean Beach Pier, Newport Avenue, and Sunset Cliffs.

OVERVIEW

Located in a prime spot in Ocean Beach, the Niagara Court Apartments provide an investor the unique opportunity to acquire a one-of-a-kind property in the beach area. This 10 unit apartment property is unlike any other because of the lot size, the added garage space, and large greenbelt you won’t find in any other property. This property includes 2 x 7280 sqft parcels, 8 car garage spaces plus storage, onsite laundry and more. There are 2 – 3 Bedroom/1 Bath units, 8 – 1 Bedroom 1 Bath units. All but 2 units have been renovated to current modern finishes while honoring the traditional beach style construction prevalent throughout Ocean Beach. With significant upside in rental income, this property is perfect for a buyer looking to add a premium coastal multi-family asset in a one-of-a-kind location to your portfolio.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$825 USD /SF

# OF UNITS

10

PRICE/UNIT

$500,000

CAP RATE

3.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

RM-2-5

APN/PARCEL ID

448-392-05,448-392-06

ASK ABOUT THIS PROPERTY

Craig EverettAdvent Real EstateMore Info
858-401-0557

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Craig EverettAdvent Real EstateMore Info
858-401-0557

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.