5059 Niagara #5, San Diego, California 92107, San Diego, 92107 - 1 bed, 1 bath
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5059 Niagara #5
San Diego, California 92107
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
560Sq Ft
0Lot Size
Property Price
LIST PRICE$734,900
EST. MARKET VALUE
$759,900
3% BelowMARKET VALUE
SUMMARY
This Turnkey Beachfront Condo is a Strong Value Opportunity, listed at $759,900—positioned well below the $834,704 Fair Market Value by 8%. This valuation gap offers $74,804 in Instant Equity. Featuring a Mint Condition Rating with recent HVAC and appliance upgrades, this unit permits Short-Term Rentals just 300 feet from the Ocean Beach Pier. With proximity to Top-Rated Ocean Beach Elementary, this property balances high-yield income potential with coastal lifestyle benefits, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Estimated Market Value
$759,900+$25,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5059 Niagara #5 Subject 1 bd · 1 ba · 560 sqft · $1,357 | $734,900* List Price | 1 | 1 | 560 | $1,357 | - |
A 5015 Santa Cruz Ave 209 Sold 1 bd · 1 ba · 609 sqft · $1,445 · 0.2 mi | $880,077 | 1 | 1 | 609 | $1,445 | 0.2 mi |
B 4565 Narragansett Avenue Active 1 bd · 1 ba · 660 sqft · $1,326 · 0.6 mi | $875,000 List Price | 1 | 1 | 660 | $1,326 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1986, the condo has been recently upgraded (<5 years ago) with new flooring, new kitchen appliances (dishwasher and refrigerator), and two new HVAC mini-splits. The interior is meticulously maintained and in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Ocean Beach Elementary School (10/10).
- Prime Coastal Location
Situated just 300 feet from the Ocean Beach Pier, this property offers unparalleled access to the beach, local breweries, and vibrant shopping, making it a highly desirable lifestyle destination.
- Short-Term Rental Potential
A rare find in the area, this condo project permits short-term rentals (STR), providing a significant opportunity for investors to generate high-yield rental income in a high-demand tourist zone.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With only 560 square feet of living area, the unit's small footprint may feel restrictive for long-term residents or those requiring additional storage and functional space.
- High Price Per Square Foot
The list price reflects a premium valuation exceeding $1,350 per square foot, which may challenge appraisal values or deter buyers seeking more substantial square footage at this price point.
About 5059 Niagara #5
Top-floor one-bedroom condo with carport parking in the heart of Ocean Beach & just 300 feet from the Ocean Beach pier. Recently upgraded with new tile floors, two new HVAC mini-splits, dishwasher, & refrigerator. Open floor plan with a galley kitchen overlooking the dining area & living room with a fireplace. Washer/dryer is conveniently located inside the unit. This rare condo project also allows short term rentals (STR). This unique top floor unit is located in a gated complex & is meticulously maintained with a courtyard & new BBQ, storage for surf boards, bicycles, etc. Located in the vibrant Ocean Beach community with restaurants, microbreweries, & shopping. What a great opportunity to own a beach property for yourself or as rental income!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $256.77 / Month
Neighborhood Insights
San Diego Unified Schools
Ocean Beach Elementary School
Grades K-4 • 0.4 mi
10/10
Silver Gate Elementary School
Grades K-4 • 1.0 mi
9/10
Sunset View Elementary School
Grades K-4 • 1.5 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 560 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $734.9K | $598.4K |
| Price per sq ft | $1.3K | $607 |
| Built year | 1986 | 1986 |
| HOA | $256.77 | $536 |
| Days on market | 50 | 58 |
Pricing History
Listed for Sale
Oct 20, 2026
$734,900
$759,900
-3% Price Drop
Initial Listing
Price Change
Sep 5, 2026
$759,900
Initial Listing
Sold
Jul 26, 2024
$732,500
Public Record
Sold
Jul 20, 2023
$750,000
Public Record
Sold
Oct 4, 2021
$635,000
Public Record
Sold
Apr 9, 2014
$360,000
Public Record
Sold
Nov 22, 2006
$330,000
Public Record