$5,000,000
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.
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Listed by Craig Everett with Advent Real Estate (858) 876-9455
Property Type
Mixed Use
Status
Active
MLS Number
260008796SD
Year Built
N/A
Lot Size
0.33 acres