Price Reduced ListingPRICE REDUCED! Bring all offers! We are pleased to present Sundance Apartments, a 9-unit multifamily property in San Diego's desirable and highly walkable University Heights neighborhood, located just 1.5 blocks from Adams Avenue. Built in 1972, the gated property features (6) 1BR/1BA and (3) 2BR/1BA units, select private patios/balconies, common area patio area with mature landscaping, on-site laundry, and 9 off-street parking spaces. Well-maintained with stable in-place income (5.12% current cap rate), the asset offers value-add upside through renovations or operational NOI improvements. All new unit electric subpanels were completed in 2025. One 2BR unit is currently for lease, providing an immediate renovation/lease-up opportunity. Ideally located just 1.5 blocks south from Adams Avenue-home to vibrant dining, retail, and entertainment-the property benefits from strong tenant demand and excellent proximity to major freeways and neighborhood amenities.
| MLS # | PTP2602937 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 180 |
| Listing Provided By | Top Gun CRE | Max Delbecq |
| SQ Feet | 6,165 |
|---|---|
| Story(s) | 2 |
| Units | 9 |
| Building(s) | 1 |
| Zoning | RM-2-5 https://scoutred. |
| Acreage | 0.16 |
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | No |
| Lot Features | Landscaped, Level, Near Park, Near Public Transit, Paved, Street Level |
|---|
| Community Features | Park |
|---|
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92116 |
| Area | 92116 Normal Heights |
| Listing VS Median (in 92116) | |
Price: $2,792,000 low | high Med: $2,500,000 sqft: 6,165 low | high Med: 3,396 $ / sqft: $453 low | high Med: $736 On site: 180 low | high Med: 281 | |
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92116 |
| Area | 92116 Normal Heights |
| Listing VS Median (in 92116) | |
Price: $2,792,000 low | high Med: $2,500,000 sqft: 6,165 low | high Med: 3,396 $ / sqft: $453 low | high Med: $736 On site: 180 low | high Med: 281 | |
![]() | $3,450,0004341 Texas StreetSan Diego, CA 92104 |