4522 Oregon Street

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 rental markets.

Built in 1972, the property features gated entry, mature landscaping, and a 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. 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.