Asking Price: $3,000,000

CBRE in collaboration with MD Real Estate is pleased to present 5064–5066 Niagara Avenue, a 6-unit multifamily property located just steps from the sand in the highly coveted Ocean Beach neighborhood of San Diego, California. Positioned just a few properties from the Ocean Beach Pier and one block from Newport Avenue, the property offers an exceptional opportunity to acquire a near-beach asset in one of San Diego’s most vibrant coastal communities. The property consists of two two-story buildings and features a well-balanced unit mix of one (1) three-bedroom / two-bath unit (approximately 1,320 square feet) and five (5) one-bedroom / one-bath units (ranging from approximately 497 to 619 square feet). The units have been well maintained with partial interior upgrades, offering a blend of classic coastal character and functional layouts. Interior finishes include a mix of vinyl plank, tile, and hardwood flooring, along with updated kitchens featuring quartz or laminate countertops, custom cabinetry in select units, and tiled showers with upgraded vanities. The property provides three single-car garages accessed via the alley, along with two tandem parking spaces, offering a total of seven off-street parking spaces, a highly desirable amenity in this submarket.