24-Unit Multifamily Apartment
For Sale
$9,480,000
Pending
4935 Niagara Ave, San Diego, CA 92107
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
Days on Market118
Property Features for 4935 Niagara Ave
General Information
Standard status
Pending
Size
17,319 SF
Lot size
0.40 Acres
Property subtype
Multi-Family
Site & Location
Neighborhood
Ocean Beach
Highway Access
Yes
Additional Details
Multifamily Units
24
Building Details
Year Built
1972
Stories
2
Tenancy
Multi
Listing Agency:
South Coast Commercial, Inc.
Listed By:
Kevin Hemstreet Hemstreet@scc1031.com · License #01490629
(619) 309-9296
Source:
Viewsandiegohouses
Added: Jun 29
Changed: Oct 1
Last Checked: Oct 23 at 7:48AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$286,249
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,724,980
$5.7M
Cap Rate 7%
$4,089,271
$4.1M
Cap Rate 9%
$3,180,544
$3.2M
Market Conditions
NOI Build-Up for 17,319 SF
Gross rent
$550.7K $31.80/SF
− Vacancy
−$30.3K −$1.75/SF
EGI
$520.5K $30.05/SF
− OpEx
−$234.2K −$13.52/SF
NOI
$286.2K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,724,980
Cap Rate 7%
$4,089,271
Cap Rate 9%
$3,180,544
Alternative Uses
Best Use
Apartment 5plus
$4.09M
$3.58M – $4.77M
NOI $286,249 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.84M
$5.99M – $7.98M
NOI $478,836 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
24
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
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Business Placement
Demographics for 92107, CA
28,684
Population
14,658
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
98%
High-School Grad
3.0 sq mi
ZIP Area
9,561
Density / Sq Mi
$107,262
Median Household Income
$61,936
Median Earnings
$2,208
Median Rent
$1,218,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 $9,480,000.
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
