Sundance Apartments

About this property

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.

Property highlights

Units

9

Financial information is supplied by the listing team. Review the offering documents and independently verify all figures.

Building size

6,165 SF

Lot size

0.1603 acres

Year built

1972

Zoning

RM-2-5

County

San Diego

Map position is based on listing coordinates. Confirm access, entrances, and boundaries with the listing team; the marker is not a parcel survey.