24-Unit Multifamily Apartment
4935 Niagara Ave San Diego, CA 92107
For Sale
$10,200,000
Two-story 24-unit community built in 1972, featuring primarily one-bedroom residences with some two-bedroom units.
Property Size17,319 SF
Lot Size0.40 Acres
Price / SF$588.95
Days on Market18
Property Features for 4935 Niagara Ave
General Information
- Standard status
- Active
- Size
- 17,319 SF
- Lot size
- 0.40 Acres
Listing Agency:
South Coast Commercial, Inc.
(619) 309-9296
Listed By:
Kevin Hemstreet · License #01490629
(619) 309-9296
Source:
Exprealty
Added: Jul 8
Changed: Jul 23
Last Checked: Jul 25 at 5:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of South Coast Commercial, Inc.
Investment Insights
Based on property information with market context.
Westwind is a 24-unit multifamily apartment community built in 1972. The property is a two-story residential building and is described as well maintained. Unit mix is primarily one-bedroom, with a selection of two-bedroom residences.
Westwind is located in San Diego’s Ocean Beach neighborhood, steps from the Pacific Coast. The location provides convenient access to Interstate 8 and Sunset Cliffs Boulevard.
The property sits on a 17,501 square foot lot with approximately 17,319 square feet of building size. The seller notes the property will be shown subject to an accepted offer.
Westwind is located in San Diego’s Ocean Beach neighborhood, steps from the Pacific Coast. The location provides convenient access to Interstate 8 and Sunset Cliffs Boulevard.
The property sits on a 17,501 square foot lot with approximately 17,319 square feet of building size. The seller notes the property will be shown subject to an accepted offer.
Key Highlights
- 24‑unit multifamily property in San Diego’s Ocean Beach neighborhood
- Two‑story community built in 1972
- Primarily one‑bedroom units with some two‑bedroom residences
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $550.7k | $31.80 |
| − Vacancy | −$30.3k | −$1.75 |
| EGI | $520.5k | $30.05 |
| − OpEx | −$234.2k | −$13.52 |
| NOI | $286.2k | $16.53 |
17,319 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.09M
$3.58M – $4.77M
NOI $286,249 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.84M
$5.99M – $7.98M
NOI $478,836 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kruis Mediation
Auto Repair Shop
FAQs
What type of property is this?
Apartment building - Two-story 24-unit community built in 1972, featuring primarily one-bedroom residences with some two-bedroom units.
Where is this apartment building located?
The property is located at 4935 Niagara Ave San Diego, CA.
What is the asking price?
The asking price for this property is $10,200,000.
What are key features of this property?
This property features: 24‑unit multifamily property in San Diego’s Ocean Beach neighborhood; Two‑story community built in 1972; Primarily one‑bedroom units with some two‑bedroom residences
