5064-5066 Niagara Avenue is a 6-unit multi-family property located a few steps from the Pacific Ocean in the highly coveted Ocean Beach neighborhood of San Diego, California. The subject property rests on the water in front of the iconic Ocean Beach Pier and is a half a block from popular Newport Avenue. 5064-66 Niagara Avenue is comprised of two 2-story buildings with 6 partially upgraded, very well-maintained units. Units are comprised of a large 1,320 square foot 3 Bedroom/2 Bath unit and five 1 Bedroom/1 Bath units ranging from 497-619 square feet. Units feature a mix of floating vinyl plank, tile, and hardwood flooring, original hardwood cabinetry (a select few with custom white cabinets), quartz and formica countertops, tiled showers, and high-quality vanities. There are three single car garages in the alley with ADU potential, one tandem parking spot, and two surface spots at the front of the property. The property has great bones and a sophisticated investor should bring all units to highest-end finishes and lease short or long term at market rate.
Property Details
Price:
$3,950,000
MLS #:
240020196SD
Status:
Active
Baths:
0
Address:
5064 Niagara
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92107oceanbeach
City:
San Diego
Listed Date:
Aug 26, 2024
State:
CA
ZIP:
92107
Schools
Interior
Exterior
Parking Spots
7.00
Financial
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5064 Niagara
San Diego, CA
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