Gated 7-Unit Townhome-Style
For Sale
Contact for pricing
Pending
4084 Oregon St, San Diego, CA 92104
Gated 7-unit multifamily with in-unit washer/dryer, updated interiors, and six single-car garages.
Property Size6,115 SF
Days on Market239
Property Features for 4084 Oregon St
General Information
Standard status
Pending
Size
6,115 SF
Total Parking Spaces
6
Property subtype
Multifamily
Net Operating Income
$155,785
Additional Details
Multifamily Units
7
Amenities
gated
in-unit washer/dryer
Building Details
Year Built
1990
Buildings
1
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
Apartment Consultants Inc
Listed By:
Ricardo Lopez · License #CA 01936528
(619) 736-0201
Source:
Crexi
Added: Jan 12
Changed: Aug 8
Last Checked: Jul 24 at 6:49PM
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 Apartment Consultants Inc
Investment Insights
Based on property information with market context.
This well-maintained 7-unit multifamily property was constructed in 1990 and is accessed through a secure gated entry. The unit mix includes one 2BR-2.5BA townhome, five 2BR-2BA units, and one 1BR-1BA unit. Interiors have been updated with quartz countertops, wood flooring, stainless steel appliances, fireplaces, wall A/C units, and electric heaters. All units include in-unit washer and dryer, and some feature vaulted ceilings, balconies, or private patios.
Parking is provided by six single-car garages, including two deep tandem garages. Additional site and building improvements include stamped concrete hardscape throughout, steel stair risers with concrete steps, and a 30-year roof installed in 2018 with new fascia.
The property is positioned within walking distance of North Park’s restaurants, shops, and everyday amenities, supporting steady rental demand in the surrounding urban in-fill area.
Parking is provided by six single-car garages, including two deep tandem garages. Additional site and building improvements include stamped concrete hardscape throughout, steel stair risers with concrete steps, and a 30-year roof installed in 2018 with new fascia.
The property is positioned within walking distance of North Park’s restaurants, shops, and everyday amenities, supporting steady rental demand in the surrounding urban in-fill area.
Key Highlights
- 7‑unit multifamily built in 1990 in North Park rental submarket
- Unit mix includes 2 townhome‑style 2BR/2.5BA and five 2BR/2BA plus one 1BR/1BA
- All units updated with quartz countertops, wood flooring, stainless steel appliances, fireplaces, wall A/C, and electric heaters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$101,069
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,021,380
$2.0M
Cap Rate 7%
$1,443,843
$1.4M
Cap Rate 9%
$1,122,989
$1.1M
Market Conditions
NOI Build-Up for 6,115 SF
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.
Gross rent
$194.5K $31.80/SF
− Vacancy
−$10.7K −$1.75/SF
EGI
$183.8K $30.05/SF
− OpEx
−$82.7K −$13.52/SF
NOI
$101.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,021,380
Cap Rate 7%
$1,443,843
Cap Rate 9%
$1,122,989
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $101,069 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.42M
$2.11M – $2.82M
NOI $169,068 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 92104, CA
44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Gated 7-unit multifamily with in-unit washer/dryer, updated interiors, and six single-car garages.
Where is this apartment building located?
The property is located at 4084 Oregon St San Diego, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 7‑unit multifamily built in 1990 in North Park rental submarket; Unit mix includes 2 townhome‑style 2BR/2.5BA and five 2BR/2BA plus one 1BR/1BA; All units updated with quartz countertops, wood flooring, stainless steel appliances, fireplaces, wall A/C, and electric heaters
