Active
4642-46 Niagara Ave
Ocean Beach CA, 92107
$2,050,000
$1,576.92 per sqft
Active
4 Beds
3 Baths
1,300 sqft
Multi-family
Built in 1947
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.
240008304
MLSⓇ ID
April 16, 2024
Listed
April 25, 2024
Updated
Map
4642-46 Niagara Ave
Ocean Beach CA, 92107
Interior Features
Total Stories
1
Bedrooms
4
Total Bathrooms
3
Appliances
Dishwasher, Range/Oven, Refrigerator
Fireplace
No
Cooling
Yes
Cooling Description
Other/Remarks
Heating
No
Exterior/Building Features
Roof
Other
Other Property Details
Area Name
Coastal South
Days on Market
9
Garage
Yes
Parking
Garage
View
No
County
San Diego
Pool
No
Buyer Agency Compensation
2.25%
Listed by Marcus & Millichap, Thomas McCartin,
Listing Contact: 858-373-3100
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Data last updated 7:38 PM UTC, 4/25/2024