4642-46 Niagara Avenue

San Diego, CA 92107

$2,050,000
Price
4
Beds
3
Baths
1,300 Sq. Ft.
$1,577 / Sq. Ft.
1,300
Sq. Ft.
$1,577
per Sq. Ft.

Description

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...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.
  1. Listed by Thomas McCartin • DRE #01427348 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 4642-46 Niagara Avenue

Area
Ocean Beach (92107)
Neighborhood
Ocean Beach
Community
OCEAN BEACH
City Postal ID
OCEAN BEACH (92107)
Cross Street(s)
Ebers St

Open Houses

Wednesday, May 1st

11:00 AM - 12:30 PM

PublicView Details

Location

Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348
Add your commute
LISTING UPDATED: 04/25/2024 10:51 AM

Property Details for 4642-46 Niagara Avenue

StatusActive
MLS #240008304
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348
Add your commute

Building Information for 4642-46 Niagara Avenue

Stories1Residences-Year Built1947Building Size-Lot Size-

Payment Calculator

$11,188 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,188

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4642-46 Niagara Avenue

Summary Information
Property and Location
  • System ID: 240008304
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 1947
  • Street Number Numeric: 4642
  • Street Name: Niagara Ave
  • Age Restrictions: N/K
  • Market Area: Coastal South
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 3
  • Num of Units w/Cooling: 0
  • Cooling: See Remarks
Exterior Features
  • Exterior: Other/Remarks
  • Roof: Other/Remarks
  • Fencing: Other/Remarks
  • Security: Other/Remarks
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: Other/Remarks
  • Complex/Park: Complex
  • Assessors Parcel Num: 448-502-08-01
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 4642
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $0
  • Unit 1 Estimated SqFt: 662
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: No
  • Unit 1 Occupied: Tenant
  • Unit 1 Projected Rent: $4,175
  • Unit 1 Rent Actual: $2,300
Unit 2
  • Unit Num for Unit 2: 4644
  • Unit 2 Num of Bedrooms: 1
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $0
  • Unit 2 Estimated SqFt: 638
  • Unit 2 Exclusive Use Yard: No
  • Unit 2 Laundry Hook Ups: No
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $3,445
  • Unit 2 Rent Actual: $1,675
Unit 3
  • Unit Num for Unit 3: 4646
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $0
  • Unit 3 Exclusive Use Yard: No
  • Unit 3 Laundry Hook Ups: No
  • Unit 3 Occupied: Tenant
  • Unit 3 Projected Rent: $3,445
  • Unit 3 Rent Actual: $1,700
Unit 4
  • Unit 4 Num of Total Baths: 0

Property History for 4642-46 Niagara Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4642-46 Niagara Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Ocean Beach Elementary School
PublicK to 4

Dana
Public5 to 6

Correia Middle School
Public7 to 8

Point Loma High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4642-46 Niagara Avenue is a multi-family home for sale in San Diego, CA 92107. This property was listed for sale on April 16, 2024 by Marcus & Millichap, it's currently listed at $2,050,000. This listing's school district is San Diego Unified School District. Nearby schools include Ocean Beach Elementary School, Dana and Correia Middle School. 4642-46 Niagara Avenue is a 4-bed, 3-bath, 1,300 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348

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