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Property view

4642-46 Niagara Ave, 
San Diego, CA 92107

$2,000,000


—

Bed


—

Bath


-

Sq Ft


Multi-Family

Sold

Listed by

Thomas Mccartin

Marcus & Millichap

MLS#

240008304

Source:

San Diego MLS via CRMLS

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About This Home

4642-46 Niagara Ave

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.

Home Facts

Multi-Family

Built in 1947

Subdivision & Development:

CA

Price Summary

2,050,000

MLS #:

240008304

Sold:

August 1, 2024


Structure

Structure

Year Built:

1947


Finances & Disclosures

Finances

Price:

$2,050,000

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