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4766-4780 Niagara Ave 10 Unit Apartment Building $6,850,000 CAD ($685,000 CAD/Unit) 3.70% Cap Rate San Diego, CA 92107
Investment Highlights
- Highly maintained - New Roof, New Exterior Paint, Remodeled Units
- Ample garage parking and on-site laundry add everyday convenience for residents.
- Classic Spanish tile roofs and stucco exteriors reflect authentic coastal architecture.
- Walkable to the beach, Ocean Beach Pier, Newport Avenue, and Sunset Cliffs.
Executive Summary
Located in a prime spot in Ocean Beach, the Niagara Court Apartments provide an investor the unique opportunity to acquire a one-of-a-kind property in the beach area. This 10 unit apartment property is unlike any other because of the lot size, the added garage space, and large greenbelt you won’t find in any other property.
This property includes 2 x 7280 sqft parcels, 8 car garage spaces plus storage, onsite laundry and more. There are 2 – 3 Bedroom/1 Bath units, 8 – 1 Bedroom 1 Bath units. All but 2 units have been renovated to current modern finishes while honoring the traditional beach style construction prevalent throughout Ocean Beach.
With significant upside in rental income, this property is perfect for a buyer looking to add a premium coastal multi-family asset in a one-of-a-kind location to your portfolio.
This property includes 2 x 7280 sqft parcels, 8 car garage spaces plus storage, onsite laundry and more. There are 2 – 3 Bedroom/1 Bath units, 8 – 1 Bedroom 1 Bath units. All but 2 units have been renovated to current modern finishes while honoring the traditional beach style construction prevalent throughout Ocean Beach.
With significant upside in rental income, this property is perfect for a buyer looking to add a premium coastal multi-family asset in a one-of-a-kind location to your portfolio.
Property Facts
| Price | $6,850,000 CAD | Apartment Style | Garden |
| Price Per Unit | $685,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 3.70% | Building Size | 6,064 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1941/2026 |
| Zoning | RM-2-5 | ||
| Price | $6,850,000 CAD |
| Price Per Unit | $685,000 CAD |
| Sale Type | Investment |
| Cap Rate | 3.70% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,064 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1941/2026 |
| Zoning | RM-2-5 |
Amenities
Site Amenities
- Laundry Facilities
- Green Community
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,740 CAD | 500 |
| 3+1 | 2 | $4,110 CAD | 1,000 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $276,625 CAD | |
| Land Assessment | $162,117 CAD | Total Assessment | $438,741 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$162,117 CAD
Improvements Assessment
$276,625 CAD
Total Assessment
$438,741 CAD
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Advent Real Estate
4766-4780 Niagara Ave
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