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$5,000,000
Est. payment /mo
0.33 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260008796SD
HOA Y/N No
Lot Size 0.334 Acres
Property Sub-Type Mixed Use
Property Description
Located in a prime coastal setting in Ocean Beach, the Niagara Court Apartments present a rare opportunity to acquire a truly one-of-a-kind multifamily asset. This 10-unit property stands apart from anything else in the area, highlighted by its expansive lot size, rare garage parking, and an oversized greenbelt—features seldom found in Ocean Beach. The property consists of two 7,280 square foot parcels and offers eight garage parking spaces with additional storage, on-site laundry, and a highly desirable unit mix of two 3-bedroom/1-bath units and eight 1-bedroom/1-bath units. Eight of the ten units have been thoughtfully renovated with modern finishes while preserving the classic beach-style architecture that defines the neighborhood's charm. Niagara Court offers meaningful upside in rental income, making it an ideal acquisition for investors seeking both immediate stability and long-term growth. With its irreplaceable location, unique physical attributes, and strong value-add potential, this property represents a premier coastal investment opportunity. This property is very clean with close to $400K in recent capital improvements. New roof, new windows, new onsite laundry and newly renovated units. This truly is a turnkey property with lots of upside potential in the rents.
Location
State CA
County San Diego
Area 92107 - Ocean Beach
Zoning RM-2-5
Interior
Heating Floor Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Tile
Total Parking Spaces 8
Others
Tax ID 4483920500
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
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Listed by Craig Everett Advent Real Estate #01831810
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