4522 Oregon Street San Diego San Diego, CA 92116
Secure multifamily property with private patios, on-site laundry, and off-street parking near Adams Avenue in University Heights.
Property Features for 4522 Oregon Street San Diego
General Information
- Standard status
- Active
- Size
- 6,165 SF
Building Details
- Year Built
- 1972
Listing office (909) 328-1567
Listing date Jun 30, 2026
Source Rmarealty
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 Elizabeth Hernandez
Investment Insights
Based on property information with market context.
The building is located in San Diego’s University Heights neighborhood, approximately 1.5 blocks from Adams Avenue, and positioned 1.5 blocks south of Adams Avenue. The immediate area offers nearby dining, retail, and entertainment, with convenience to major freeways and neighborhood amenities.
This asset is offered for sale with a stated 5.22% current cap rate and stable in-place income. Operationally, the property is turnkey for experienced owners, and one 2BR unit is currently for lease, supporting near-term occupancy activity alongside any planned interior updates.
Key Highlights
- 9‑unit multifamily in University Heights built in 1972 (2 stories, 1 building total)
- Unit mix: (6) 1BR/1BA and (3) 2BR/1BA
- Gated property with select private patios/balconies and a common area patio with mature landscaping
Local 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 | $196.0k | $31.80 |
| − Vacancy | −$10.8k | −$1.75 |
| EGI | $185.3k | $30.05 |
| − OpEx | −$83.4k | −$13.52 |
| NOI | $101.9k | $16.53 |
