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Gated 9-Unit Apartment Building
For Lease
$2,950,000

4522 Oregon Street, San Diego, CA 92116

Gated 9-unit building with on-site laundry, resident patio options, and off-street parking.

Space SizeContact for details
Days on Market60

Property Features for 4522 Oregon Street

General Information

Standard status Active
Total Parking Spaces 9
Property subtype Commercial

Additional Details

Cap Rate 5.22%
Multifamily Units 9

Building Details

Year Built 1972
Listing Agency: Top Gun CRE
Listed By: Max Delbecq ([email protected])
Source: Mrmurrieta
Added: Jun 15 Changed: Aug 8 Last Checked: Aug 8 at 3:30PM

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 Top Gun CRE

Investment Insights

Based on property information with market context.

Sundance Apartments is a gated 9-unit multifamily property built in 1972. The unit mix includes six 1BR/1BA apartments and three 2BR/1BA apartments. Select units offer private patios or balconies, and the property also features a common area patio with mature landscaping. Residents benefit from on-site laundry, and the building provides nine off-street parking spaces.

The property is located in San Diego’s University Heights area, just 1.5 blocks from Adams Avenue.

Sundance Apartments is currently offered for rent with one 2BR unit available, creating an immediate path for lease-up while supporting ongoing property operations. The building is described as well-maintained, with a reported 5.22% current cap rate. For buyers and operators, the site configuration and existing unit mix also provide a practical framework to consider renovations where appropriate.

Key Highlights

  • 9‑unit multifamily property built in 1972 in San Diego’s University Heights neighborhood
  • Unit mix includes (6) 1BR/1BA and (3) 2BR/1BA units
  • Gated building with select private patios/balconies plus a common area patio with mature landscaping

Property Analytics

Current Use

Homedesignsd General Contractor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Restaurant Fish Market Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,426
Businesses Nearby

Demographics for 92116, CA

31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Gated 9-unit building with on-site laundry, resident patio options, and off-street parking.
Where is this apartment building located?
The property is located at 4522 Oregon Street San Diego, CA.
What is the lease rate?
The lease rate is $2,950,000.
What are key features of this property?
This property features: 9‑unit multifamily property built in 1972 in San Diego’s University Heights neighborhood; Unit mix includes (6) 1BR/1BA and (3) 2BR/1BA units; Gated building with select private patios/balconies plus a common area patio with mature landscaping
More about this property
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