San Diego, CA 92107,4642-46 Niagara Ave
San Diego, CA 92107,4642-46 Niagara Ave
San Diego, CA 92107,4642-46 Niagara Ave
$2,000,000
Est. payment /mo
$2,050,000
2.4%
Est.Price: ?

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4 Beds
3 Baths
662 SqFt
SOLD DATE : 08/01/2024

Key Details

Sold Price $2,000,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 662 sqft

Price per Sqft $3,021

Subdivision Ocean Beach

MLS Listing ID 240008304

Sold Date 08/01/24

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1947

Property 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 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.

Location

State CA

County San Diego

Community Ocean Beach

Area Ocean Beach (92107)

Building/Complex Name Complex

Interior

Cooling Other/Remarks

Exterior

Exterior Feature Other/Remarks

Fence Other/Remarks

Roof Type Other/Remarks

Building

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, Exchange, Seller May Carry, VA, Other/Remarks

Space Rent $2,300

Listing Terms Cash, Conventional, Exchange, Seller May Carry, VA, Other/Remarks

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Thomas McCartin • Marcus & Millichap
Bought with Thomas McCartin • Marcus & Millichap
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