NOT LISTED FOR SALE

4721-23 Niagara Ave San Diego, CA 92107

Ocean Beach Neighborhood
5 Beds
4 Baths
2,300 Sq Ft
7,189 Sq Ft Lot

Last Sold April 12, 2024

Last sale price $2,350,000 $1,022 Per Sq Ft

13 Days on Market

Highlights

  • 7,189 Sq Ft lot
  • Gated Home
  • 4-minute walk to Ebers Street Park and Playground
  • Ocean Beach Elementary School Rated A
  • Level Lot

About This Home

As of April 2024

Incredible investment opportunity on a quiet street in Ocean Beach. 2 Single-Family homes on a 7,000 SqFt lot in a prime location. Within a highly rated school district, walkable to local shops and the beach. The front home is a 2BD 2BA and the back home is a 3BD 2BA. Both homes have an optimal floor plan with attached garages, spacious private backyard space, in-unit laundry, and ample storage. This is perfect for savvy investors or developers as there is a strong rental market here and the property offers plenty of opportunities of forced appreciation. PENDING PERMITS FOR 5 STUDIO GARAGE CONVERSIONS AND 2 NEW ADUs. Do renovations for immediate equity growth, or build something new. The possibilities are endless!

Last Agent to Sell the Property

Camille Rae De Guzman

Compass License #02103355 Listed on: 01/25/2024

Compass

Co-Listed By

Craig Lotzof

Compass License #01211688

Last Buyer's Agent

Sean Doherty

SD Realty License #01488238

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,189 Sq Ft Lot
  • Gated Home
  • Level Lot

Parking

  • Alley Access

Home Design

  • Clay Roof
  • Stucco Exterior

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 448-391-22-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $8,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Niagara Ave. - Ebers St.
  • Neighborhood: Ocean Beach
  • Sale Price List Price: 0.9
  • Year Built: 1978
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate
  • Roof: Tile/Clay

Utilities

  • Sewer/Septic: Sewer Connected
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Community: OCEAN BEACH

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs
  • Topography: Level
  • Assessor Parcel Number: 448-391-22-00
  • Estimated Lot Sq Ft: 7189

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 8100
  • Annual Expense Actual: 19200
  • Gross Rent Multiplier Actual: 25.0
  • Gross Sched Income Actual: 100200
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $2,350,000 -9.6% $1,022 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $2,599,000 -- $1,130 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Camille Rae De Guzman

    Seller's Agent in 2024

    Camille Rae De Guzman

    Compass

    (619) 841-8964

    1 in this area

    20 Total Sales

    Camille Rae De Guzman
    Section Image
  • Craig Lotzof

    Seller Co-Listing Agent in 2024

    Craig Lotzof

    Compass

    (858) 243-4071

    1 in this area

    111 Total Sales

    Craig Lotzof
    Section Image
  • Sean Doherty

    Buyer's Agent in 2024

    Sean Doherty

    SD Realty

    (858) 699-6091

    1 in this area

    13 Total Sales

    Sean Doherty
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 240001808

San Diego MLS

California San Diego County San Diego 92107 Ocean Beach

4721-23 Niagara Ave, San Diego, CA

This home is located at 4721-23 Niagara Ave, San Diego, CA 92107 since 25 January 2024. This property was built in 1978. 4721-23 Niagara Ave is a home located in San Diego County with nearby schools including Ocean Beach Elementary School, Richard Henry Dana Middle School, and Correia Middle School.

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