NOT LISTED FOR SALE

5068-70 Niagara Ave San Diego, CA 92107

Ocean Beach Neighborhood
4 Beds
3 Baths
1,697 Sq Ft
4,912 Sq Ft Lot

Last Sold October 20, 2023

Last sale price $1,851,000 $1,091 Per Sq Ft

10 Days on Market

Highlights

  • Ocean Front
  • The community has rules related to allowing live work
  • Gentle Sloping Lot
  • Ocean Beach Elementary School Rated A
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of October 2023

Steps to Ocean Beach Pier. This is a once in a lifetime opportunity. Purchase as an investment or as a primary residence and rent out the other units. Zoned for commercial or residential use and by right eligible for 2 ADUs. This exceptional real estate gem combines the allure of coastal living with the promise of substantial rental income. Nestled in the prime coastal community of Ocean Beach, you will relish the soothing sounds of the waves and the salty sea breeze while being within walking distance of shopping, restaurants, fishing, surfing and more. Currently these units are rented out long term. The potential profit may go up exponentially if these are rented as short term rentals.

Last Agent to Sell the Property

Chris Jensen

Christen Jensen, Broker License #01875205 Listed on: 09/23/2023

Last Buyer's Agent

Chris Jensen

Christen Jensen, Broker License #01875205 Listed on: 09/23/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 4,912 Sq Ft Lot
  • Ocean Front
  • Partially Fenced Property
  • Gentle Sloping Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Ocean Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 448-081-29-00

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Ocean Beach Community
  • The community has rules related to allowing live work

Building Details

  • Net Operating Income $82,445

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Ocean Front Way
  • Neighborhood: Ocean Beach
  • LP / Sq Ft: 20.14
  • Stories: 1 Story
  • Sale Price List Price: 1.06
  • Total Stories: 1
  • Year Built: 1962
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Frontage: Ocean/Bluff
  • Roof: Composition
  • View: Ocean

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Ocean Beach
  • Community: OCEAN BEACH
  • Manager Name: Uplift Property Managemen
  • Manager Phone: 858-449-7294

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Sidewalks, Street Paved
  • Topography: Slope Gentle
  • Zoning: COMMERCIAL
  • Additional Property Use: Res/Business Use OK
  • Assessor Parcel Number: 448-081-29-00
  • Estimated Lot Sq Ft: 4912
  • Estimated Number of Acres: 0.11
  • Map Code Column: H
  • Map Code Page: 1267
  • Map Code Row: 6

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 82445
  • Annual Expense Actual: 10375
  • Annual Expense Projected: 10375
  • Gross Rent Multiplier Actual: 18.8
  • Gross Rent Multiplier Projected: 18.0
  • Gross Sched Income Actual: 92820
  • Gross Sched Income Projected: 97200
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 3
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Actual: 420
  • Other Income Projected: 420.0

Range of Values:

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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
10/20/2023 10/20/23 Sold $1,851,000 +5.8% $1,091 / Sq Ft
10/05/2023 10/05/23 For Sale $1,749,000 0.0% $1,031 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
09/29/2023 09/29/23 Pending -- -- --
09/23/2023 09/23/23 For Sale $1,749,000 -- $1,031 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Jensen

    Seller's Agent in 2023

    Chris Jensen

    Christen Jensen, Broker

    (858) 449-7294

    1 in this area

    30 Total Sales

    Chris Jensen
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230018696

San Diego MLS

California San Diego County San Diego 92107 Ocean Beach

5068-70 Niagara Ave, San Diego, CA

This home is located at 5068-70 Niagara Ave, San Diego, CA 92107 since 23 September 2023. This property was built in 1962. 5068-70 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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