What is the asking price for Sundance Apartments?

The lease rate for space here is $2,792,000.

What is the total size of Sundance Apartments?

The property has a total square footage of 6,165 SF.

When was this property built?

Sundance Apartments was built in 1972.

How many parking spaces are available at Sundance Apartments?

Parking information for the property isn't currently listed. However, other nearby parking options include El Zarape, located 0.66 miles away , and North Park Parking Garage, which is 0.87 miles away.

4522 Oregon Street, San Diego, CA 92116

For Sale $2,792,000
Property Type Multi-Family
Property Size 6,165 SF
Units 9
Lot Size 0.16 Acre
Zoning RM-2-5
Year Built 1972
Date Updated Nov 12, 2026

Description

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.

Highlights

The area provides residents with immediate access to major employment centers, reducing average commute times and enhancing quality of life.
The community's location at the nexus of multiple thriving San Diego neighborhoods gives residents unmatched convenience and connectivity.
The property is ideally positioned in one of San Diego's most desirable residential neighborhoods, University Heights, offering residents an outstanding live-work-play environment.
The property occupies a quiet, tree-lined setting while remaining within walking distance of vibrant dining, shopping, and entertainment districts.
University Heights is a walkable, amenity-rich area of San Diego that consistently ranks among the top renter-preferred neighborhoods.
9 total off-street parking. On-site laundry.
All new interior electric subpanels completed 2025.
Fantastic University Heights location just south of Adams Ave; highly walkable with close proximity to dining, retail, entertainment, schools, restaurants, and major freeways.
Opportunity to increase NOI through tenant utility and service billing offsets.
Opportunity to increase rents through interior renovations and operational improvements; current income provides stability while offering upside for investors.
Well-balanced unit mix of (3) 2-bedroom, (6) 1-bedroom units to align with strong existing tenant demand.
Well-maintained property, gated lot with mature landscaping, private patios and balconies.