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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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4642-46 Niagara Ave, OCEAN BEACH, CA – $2,050,000

  • $2.1M Price
  • 4 Beds
  • 3 Baths
  • 23 DOM
  • $2.1M Price
  • 4 Beds
  • 3 Baths
  • 23 DOM

4642-46 Niagara Ave

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.

Essential Information

  • MLS® #240008304
  • Price$2,050,000
  • Bedrooms4
  • Bathrooms3.00
  • Acres0.00
  • Year Built1947
  • TypeResidential Income
  • StatusACTIVE

Community Information

  • Address4642-46 Niagara Ave
  • AreaOCEAN BEACH (92107)
  • SubdivisionOcean Beach
  • CityOCEAN BEACH
  • CountySan Diego
  • StateCA
  • Zip Code92107

Amenities

  • # of Garages3

Interior

  • CoolingOther/Remarks
  • # of Stories1

Exterior

  • ExteriorOther/Remarks
  • RoofOther/Remarks

Additional Information

  • Date ListedApril 16th, 2024
  • Days on Market23

Listing Details

  • OfficeMarcus & Millichap
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Marcus & Millichap.

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Listing information last updated on May 18th, 2024 at 2:27am PDT.