Sundance Apartments
9 Well-Maintained Units in Desirable University Heights w/ 9 Off-Street Parking
Marketing description
Top Gun CRE, Inc. is pleased to present Sundance Apartments, a 9-unit multifamily property in San Diego’s desirable 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 (5.22% current cap rate), the asset offers value-add upside through renovations. 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.
Investment highlights
- 5.22% cap rate on current rents with upside
- Well-maintained, highly desirable University Heights location
- 9 off-street parking (1/unit)
- On-site laundry
- Some units with private patios/balconies
- Mature landscaping, gated entry, highly walkable
- Just 1.5 blocks south of vibrant, Adams Ave
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