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5064-5066 Niagara Ave 6 Unit Apartment Building For Sale San Diego, CA 92107
Investment Highlights
- Prime Ocean Beach Location A Stone’s Throw From The Ocean
- Extreme Upside In Rents Through High End Renovations
- Three garages, two parking spots, and one tandem spot (7 Total Parking Spaces)
- Extremely Rare Near-Beach Property With Panoramic Ocean Views
- ADU Potential For One Or Two Units Through Garage Conversions
Executive Summary
CBRE and MD Real Estate Inc is pleased to present 5064-5066 Niagara Avenue, located just a a 6-unit multi-family property
stone’s throw from the beach in the highly coveted Ocean Beach neighborhood of San Diego, California. Resting
just a few properties from Ocean Beach Pier and one property 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 (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 garages, two parking spots, and one tandem
spot. The property has great bones and a sophisticated investor should bring all units to highest-end finished and lease short
or long-term at market rate.
stone’s throw from the beach in the highly coveted Ocean Beach neighborhood of San Diego, California. Resting
just a few properties from Ocean Beach Pier and one property 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 (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 garages, two parking spots, and one tandem
spot. The property has great bones and a sophisticated investor should bring all units to highest-end finished and lease short
or long-term at market rate.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 0.09 AC |
| No. Units | 6 | Building Size | 4,073 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.47/1,000 SF |
| Zoning | C - Commercial | ||
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,073 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Waterfront
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 497 - 619 |
| 3+2 | 1 | - | 1,320 |
1 1
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | 448-081-30 | Improvements Assessment | $408,000 (2025) |
| Land Assessment | $2,713,200 (2025) | Total Assessment | $3,121,200 (2025) |
Property Taxes
Parcel Number
448-081-30
Land Assessment
$2,713,200 (2025)
Improvements Assessment
$408,000 (2025)
Total Assessment
$3,121,200 (2025)
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5064-5066 Niagara Ave
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