4010-4016 Oregon St - Apartments FOR SALE


San Diego, CA 92104- North Park
$1,700,000 USD
858-373-3196
4010-4016 Oregon St, San Diego, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/12
null | 4.8% Cap Rate

4010-4016 Oregon St
San Diego, CA 92104
North Park


OVERVIEW

The McCartin Group at Marcus & Millichap is pleased to present 4010–16 Oregon Street, a five-unit multifamily property in the highly desirable North Park submarket. Built in 1958, the property features a favorable unit mix with one spacious 2-bedroom/1-bath house and four 1-bedroom/1-bath units. Each unit is individually metered for gas and electric, lowering operating costs and improving management efficiency. Located on a quiet residential street just blocks from University Avenue and 30th Street, tenants benefit from easy access to North Park’s vibrant dining, retail, and nightlife. The property also offers three off-street parking spaces, a valuable amenity in this high-demand rental corridor. The property has been well-maintained but presents clear upside through interior renovations that can drive rental income higher. The front 2-bedroom unit also provides an attractive opportunity for an owner-occupant, allowing investors to reduce expenses while maintaining stable cash flow. Positioned under San Diego’s Complete Communities Housing Overlay (Tier 3), the site benefits from an increased allowable FAR of 6.5 and RM-3-9 zoning, unlocking potential for future expansion or redevelopment. With its prime location, strong unit mix, parking, immediate rent growth potential, and long-term development upside, 4010–16 Oregon Street represents a stable and high-potential investment in one of San Diego’s most dynamic neighborhoods.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$680 USD /SF

# OF UNITS

5

PRICE/UNIT

$340,000

CAP RATE

4.8%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

MR12, San Diego

APN/PARCEL ID

445-591-15

ASK ABOUT THIS PROPERTY

Thomas McCartinThe McCartin GroupMore Info
858-373-3196

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Thomas McCartinThe McCartin GroupMore Info
858-373-3196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.