Gated 9-Unit Apartment
For Sale
$2,950,000
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 Size6,165 SF
Price / SF$478.51
Days on Market125
Property Features for 4522 Oregon Street San Diego
General Information
Standard status
Active
Size
6,165 SF
Total Parking Spaces
9
Zoning
RM-2-5 https://scoutred.
Net Operating Income
$154,011
Site & Location
Neighborhood
Mission Valley East
Additional Details
Cap Rate
5.22%
Multifamily Units
9
Amenities
1
false
2
Common Area
Landscaped,Level,Near Park,Near Public Transit,Paved,Street Level
6982
Public Records
6165
Building Details
Building Size
6,165 SF
Year Built
1972
Buildings
1
Listing Agency:
Top Gun CRE; maxd@topguncre.com
Listed By:
Max Delbecq · License #CA 01964069
(858) 333-7701
Source:
Rmarealty
Added: Jun 30
Changed: Oct 4
Last Checked: Oct 7 at 9:28AM
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; maxd@topguncre.com
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Investment Insights
Based on property information with market context.
Sundance Apartments is a gated 9-unit multifamily property built in 1972. The tenant mix consists of six 1BR/1BA units and three 2BR/1BA units. Several units feature select private patios and/or balconies, and there is a common area patio with mature landscaping. The property also includes on-site laundry and a total of nine off-street parking spaces.
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,895
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,037,900
$2.0M
Cap Rate 7%
$1,455,643
$1.5M
Cap Rate 9%
$1,132,167
$1.1M
Market Conditions
NOI Build-Up for 6,165 SF
Gross rent
$196.0K $31.80/SF
− Vacancy
−$10.8K −$1.75/SF
EGI
$185.3K $30.05/SF
− OpEx
−$83.4K −$13.52/SF
NOI
$101.9K $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 Rate 5%
$2,037,900
Cap Rate 7%
$1,455,643
Cap Rate 9%
$1,132,167
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.27M – $1.70M
NOI $101,895 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.84M
NOI $170,450 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,426
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Secure multifamily property with private patios, on-site laundry, and off-street parking near Adams Avenue in University Heights.
Where is this apartment building located?
The property is located at 4522 Oregon Street San Diego San Diego, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 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
