Oregon Street Condos

3969 Oregon Street | San Diego | CA | 92104


Confidentiality Agreement

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Property Details

  • Price: $ 3,295,423
  • Price Per Unit: $ 470,774.71
  • Units: 7
  • Transaction Type: For Sale
  • Property Type: Multi-Family
  • Building Size: 6,162 SF
  • Cap Rate: 4.12%
  • Year Built: 1981
  • No. Stories: 2
  • Availability: Sold

Property Description

ACRE Investment Real Estate Services is pleased to present for sale The Oregon Street Condos, a building comprised of seven (7) condominiums (separate APN for each dwelling) located in the desirable North Park market of central San Diego. Built-in 1981 and extensively renovated in 2019, the subject property is situated on a 7,000-square-foot lot. The property is comprised of one (1), three-bedroom/two-bath unit and six (6) two-bedroom/two-bath units totaling approximately 6,182 rentable square feet. The complex consists of one, wood-framed and stucco building, with a concrete slab foundation and pitched and flat roofs. Residents enjoy the on-site parking and garages, controlled access entry, private balconies and patios, and a fireplace in each unit.

The interiors have been meticulously renovated with Quartz countertops (select units with waterfall edges), built-in desks in six of the units, new cabinets and modern hardware, stainless steel appliances – refrigerator, range, hood and dishwasher, fixtures, washers and dryers, walk-in closet in the master bedroom, laminate flooring, tile fireplace surrounds, doors, blinds, ceiling fans, and lighting.

The exterior has received an updated elevation with a fresh color scheme, new balconies, garage doors, windows, patio doors, gates, lighting, and drought-tolerant landscaping, and modern hardscape.

The offering is an opportunity for an investor to purchase a stabilized asset in an irreplaceable location. An acute investor will also enjoy the security of operating this asset as an apartment complex with the future exit strategy of selling each unit individually.

The Oregon Street Condos are a “Walker’s Paradise” with a Walk Score of 96 out of 100. They are located within walking distance to retail and award-winning restaurants, shopping, parks, schools, and culture and entertainment, and are minutes away from the 15 and 805, and 8 freeways. North Park is one of San Diego’s most up-and-coming communities. Although many regions claim to be the heart of the city, geographically North Park claims the true center; east of Hillcrest, and immediately north of Balboa Park. Stemming from its matchless diversity, the community is rapidly emerging as one of San Diego’s newest cultural and artistic cores. The New York Times recently described the neighborhood around 30th Street and University Avenue as “one of the city’s most vibrant and diverse districts.”


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Financial Summary

Investment Highlights

Price $3,295,423.00
Price / Unit $470,774.71
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $3,295,423.00


Income & Expenses



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Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

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