4010-4016 Oregon St Immeuble residentiel 5 lots 1 450 100 € (290 020 €/Lot) Taux de capitalisation 4,80 % San Diego, CA 92104

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.