4642 Niagara Avenue

San Diego, CA 92107

$2,050,000
Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
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 #01240999 • Marcus & Millichap

Property Details for 4642 Niagara Avenue

Cross Streets
Ebers St
Area
Ocean Beach (OCB)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
448-502-08-01

Location

Listing Courtesy of Marcus & Millichap, Thomas McCartin, DRE #01427348
Add your commute
LISTING UPDATED: 04/25/2024 10:54 AM

Property Details for 4642 Niagara Avenue

StatusActive
MLS #240008304SD
Days on Market15
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 Niagara Avenue

Stories1Residences-Year Built1947Building Size-Lot Size-

Payment Calculator

$12,045 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,188

Property Taxes

$857

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4642 Niagara Avenue

Community / Development
Community / Development
  • Complex Name: Complex
  • Number Of Units: 3
  • Builders Tract Name: Ocean Beach
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: Other
Contract Info
Contract Info
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $38,416.00
  • Gross Scheduled Income: $68,100
  • Cap Rate: 1.87%
  • Gross Rent Multiplier: $30.10
  • Other Income1: $2,400.00
  • Total Annual Expense: 32084
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Other
  • Fence: Other
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange, Other, Seller May Carry, VA
  • Tenant Pays: Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $4,175.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,675.00
  • Unit Actual Rent: $1,675.00
  • Unit Projected Rent: $3,445.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $3,445.00
  • Like Units: 1

Property History for 4642 Niagara Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4642 Niagara Avenue

Taxable ValueLand$790,409Additions$46,888Total$837,297
Tax Record2023$10,288 ($857 / month)
Home Facts
Beds2Total Finished SqFt662 SqFtAbove Grade Finished SqFt662 SqFtLot Size6,954 SqFtStyleCondominiumYear Built1942ZoningR-1:SINGLE FACountySAN DIEGOAPN448-502-08-01

Schools near 4642 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 Niagara Avenue is a multi-family home for sale in San Diego, CA 92107. This property was listed for sale on April 15, 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 Niagara Avenue is a 4-bed, 3-bath, multi-family home built in 1947.

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

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