4010-16 Oregon St, North Park, CA 92104

Property Description

Pleased to present 4010–16 Oregon Street, a five-unit multifamily property in the highly desirable North Park submarket. Built in 1958, the asset features a favorable unit mix with one spacious 2-bedroom/1-bath house and four 1-bedroom/1-bath units, all individually metered for gas and electric—minimizing expenses and streamlining operations. Located on a quiet residential street yet just blocks from University Avenue and 30th Street, tenants benefit from close proximity to North Park’s vibrant retail, dining, and nightlife. The property also includes three off-street parking spaces, a valuable amenity in this dense rental corridor. The property is well-maintained and offers immediate upside through interior renovations, with the 2-bedroom unit presenting an attractive owner-occupant opportunity. Positioned under San Diego’s Complete Communities Housing Overlay (Tier 3) with RM-3-9 zoning, the site allows for future redevelopment potential while providing stable in-place cash flow. With a prime location, strong unit mix, parking, rent growth opportunities, and long-term development upside, 4010–16 Oregon Street represents a well-rounded investment in one of San Diego’s most dynamic neighborhoods.