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Multifamily

4176 Oregon St

4176 Oregon St, San Diego, CA 92104

Listing Price: $3,980,000

Cap Rate
3.63%
Number of Units
9
Occupancy
97.0%
Price/Unit
$442,222
Price/Gross SF
$680.11
Gross SF
5,852

Investment Overview

Marcus & Millichap is pleased to present for sale a renovated 9-unit apartment complex in the North Park neighborhood of San Diego, CA. Constructed in 1965 and renovated in 2018, this property rests on over a 7,000 SF lot and offers 5,852 of rentable SF. 4176 Oregon St is comprised of three 2-bedroom/1.5-bathroom units and six 1-bedroom/1-bathroom units. This property has been extensively remodeled with both exterior and interior upgrades. Exterior improvements include a signature redwood front façade, a newer roof, dual pane windows throughout, redwood fencing and more. The interiors were remodeled with modern kitchens and bathrooms, laminate wood flooring, new dual toned designer paint, contemporary fixtures, and new baseboards. Tenants enjoy access to on-site communal laundry, in-wall AC units, secure gated entry, and off-street parking. This asset offers investors the opportunity to acquire a turn-key property in one of San Diego’s most profitable rental markets. Increasing market demand throughout the neighborhood will continue to keep vacancy rates low and rent increases steady. With an impressive walk score, this property is steps away from restaurants, shops, bars, and attractions. This property is well positioned with the investor’s longevity in mind.

Investment Highlights

  • Walk Score 96
  • Renovated Luxury Apartments
  • Off-Street Parking 3 Garages & 5 Spaces
  • Pride of Ownership North Park
  • Across The Street From Community Park With Additional Street Parking

Exclusively Listed By

Financing By

Multifamily

4176 Oregon St

Listing Price: $3,980,000

Cap Rate
3.63%
Number of Units
9
Occupancy
97.0%
Price/Unit
$442,222
Price/Gross SF
$680.11
Gross SF
5,852

Investment Highlights

  • Walk Score 96
  • Renovated Luxury Apartments
  • Off-Street Parking 3 Garages & 5 Spaces
  • Pride of Ownership North Park
  • Across The Street From Community Park With Additional Street Parking

Investment Overview

Marcus & Millichap is pleased to present for sale a renovated 9-unit apartment complex in the North Park neighborhood of San Diego, CA. Constructed in 1965 and renovated in 2018, this property rests on over a 7,000 SF lot and offers 5,852 of rentable SF. 4176 Oregon St is comprised of three 2-bedroom/1.5-bathroom units and six 1-bedroom/1-bathroom units. This property has been extensively remodeled with both exterior and interior upgrades. Exterior improvements include a signature redwood front façade, a newer roof, dual pane windows throughout, redwood fencing and more. The interiors were remodeled with modern kitchens and bathrooms, laminate wood flooring, new dual toned designer paint, contemporary fixtures, and new baseboards. Tenants enjoy access to on-site communal laundry, in-wall AC units, secure gated entry, and off-street parking. This asset offers investors the opportunity to acquire a turn-key property in one of San Diego’s most profitable rental markets. Increasing market demand throughout the neighborhood will continue to keep vacancy rates low and rent increases steady. With an impressive walk score, this property is steps away from restaurants, shops, bars, and attractions. This property is well positioned with the investor’s longevity in mind.

Exclusively Listed By

Financing By

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