4935 Niagara Ave - Apartments FOR SALE


San Diego, CA 92107- Ocean Beach
$10,200,000 USD
619-309-9296
4935 Niagara Ave, San Diego, CA for Sale
$10,200,000 USD
Apartments - FOR SALE
1/16
null | 3.81% Cap Rate

4935 Niagara Ave
San Diego, CA 92107
Ocean Beach


HIGHLIGHTS

  • Gated Courtyard Community
  • Good Parking Ratio
  • Oversized Units

OVERVIEW

South Coast Commercial is pleased to present Westwind, a 24-unit multifamily investment located in the highly desirable Ocean Beach neighborhood of San Diego. Comprised of one and two bedroom units, the property is situated within a well-maintained two-story community and offers stable in-place occupancy supported by consistently strong demand for coastal housing in one of San Diego’s most supply-constrained submarkets. Situated just blocks from the Pacific Coast, Westwind benefits from walkable access to Newport Avenue’s vibrant mix of cafes, restaurants, bars, and boutique retail, along with immediate proximity to the beach and surrounding recreational amenities. With current rents below market levels across the majority of units, this offering presents an attractive opportunity for investors seeking stable coastal cash flow with meaningful upside through continued rent growth.

FOR SALE DETAILS

PRICE

$10,200,000 USD

PRICE/SF

$583 USD /SF

# OF UNITS

24

PRICE/UNIT

$425,000

CAP RATE

3.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westwind Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,498 SF

ZONING

RM-2-4

APN/PARCEL ID

448-181-36

ASK ABOUT THIS PROPERTY

Kevin HemstreetSouth Coast Commercial, Inc.More Info
619-309-9296

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Kevin HemstreetSouth Coast Commercial, Inc.More Info
619-309-9296

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