5064 Niagara

San Diego, CA 92107

$3,950,000

List Price

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Property Description

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.

Listing Information

List Price $3,950,000
Status Active
MLS 240020196SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 3,940
Structure Size N/A
Courtesy Of MD Real Estate, Inc
Listing Agent Dylan Wright DRE#01411216
Co-Listing Agent Conor Brennan DRE#01918598

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Dylan Wright, Conor Brennan, MD Real Estate, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 27th, 2024 at 12:36 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.