4084 Oregon St 7 Unit Apartment Building $3,200,000 ($457,143/Unit) 4.87% Cap Rate San Diego, CA 92104

Located in North Park, this 7-unit multifamily property offers investors a well-
maintained, newer-vintage apartment asset in one of San Diego’s most
desirable rental submarkets. Constructed in 1990, the property benefits from a
more modern build profile relative to much of the surrounding housing stock,
contributing to strong tenant appeal and long-term durability.
All units have been updated with quartz countertops, wood flooring, and stainless
steel appliances. Each unit features in-unit washer/dryer, a fireplace, wall-
mounted air conditioning, and electric heating, providing year-round comfort
and functionality. Select units also offer private patios or balconies, further
enhancing livability.
The property has been well maintained, with capital improvements including a
30-year roof installed in 2018 and updated exterior elements. Parking is
supported by six single-car garages, including two deep tandem garages, a
configuration that is both practical and highly valued by tenants in this location.
Secure, gated access further enhances resident privacy and convenience.
Situated in the heart of North Park, the property benefits from proximity to
neighborhood retail, dining, and transit, supporting durable rental demand. The
combination of newer construction, updated interiors, garage parking, and a
two-bedroom–heavy unit mix positions the asset as a compelling opportunity
for investors seeking stable cash flow in a proven, high-demand urban infill
market.