Sundance Apartments

THE OPPORTUNITY

See the potential.

PRICE REDUCED! We are pleased to present Sundance Apartments, a 9-unit multifamily property located at 4522 Oregon Street in the highly desirable University Heights submarket of San Diego. This well-maintained asset offers investors a rare opportunity in one of the region’s strongest and most desirable rental submarkets.

Built in 1972, the property features gated entry, mature landscaping, on-site shared laundry, and common patio area. The unit mix is primarily 1-bedroom/1-bath units, well-positioned to capture strong demand for smaller, well-located rentals. Select units include semi-private balconies or patios. The property offers 9 on-site parking spaces (1 per unit), including 4 open and 5 tuck-under spaces—an attractive amenity with potential ADU conversion.

Current rents provide stable in-place income with upside through interior renovations and operational improvements, such as trash and water fee offsets. One of the two-bedroom units is vacant, offering immediate value-add potential.

Ideally located just 1.5 blocks from Adams Avenue—home to vibrant dining, retail, and entertainment—the property benefits from strong tenant demand and excellent proximity to major freeways and neighborhood amenities.

- Fantastic University Heights location just south of Adams Ave; highly walkable with close proximity to dining, retail, entertainment, schools, restaurants, and major freeways.

- Well-balanced unit mix of (3) 2-bedroom, (6) 1-bedroom units to align with strong existing tenant demand.

- Opportunity to increase rents through interior renovations and operational improvements; current income provides stability while offering upside for investors.

- 9 total off-street parking. On-site laundry.

- Well-maintained property, gated lot with mature landscaping, private patios and balconies.

- All new interior electric subpanels completed 2025.

- Opportunity to increase NOI through tenant utility and service billing offsets.

THE DETAILS THAT MATTER

A closer look.

Transaction

For sale

Property type

Multifamily

Building area

6,165 SF

Lot area

0.16 acres

Year built

1972

Zoning

RM-2-5

Price per building SF

$452.88/SF

Information is supplied by the listing source. Unpublished financial fields are omitted. Financial figures and availability should be independently confirmed. Catalog updated Oct 19, 2026.

4522 Oregon Street, San Diego, CA 92116