4639 Iowa Street is a fantastic value-add investment that offers an investor 15% upside in rents in the rapidly accelerating rental market of Normal Heights. The 5,326 square foot structure built in 1972 is situated on a 6,162 square foot lot just a half block from Adams Avenue. The property features one 2 Bedroom / 2 Bath, two 2 Bedroom / 1 Bath, and five 1 Bedroom / 1 Bath units, each with large floorplans. Ownership has made improvements to the units upon turnover and the roof was redone in 2025 along with exterior paint. In addition, the property offers a common laundry space with a washer/dryer and 2 double garages. Please do not walk on the property or disturb tenants.
Sold for $2,325,000
$2,325,000
4639 Iowa St, San Diego, CA 92116
5beds
4baths
5,326sqft
Multi Family
Built in ----
-- sqft lot
$2,347,700 Zestimate®
$437/sqft
$3,402 Estimated rent
Home value
$2,347,700
$2.16M - $2.56M
$3,402/mo
Zestimate® history
Owner options
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$3,402/mo
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$3,402/mo
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$14,640/mo
Est. payment
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$14,640/mo
Est. payment
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Double garagesImprovements to the unitsExterior paintCommon laundry spaceLarge floorplans
Zillow last checked:
Listing updated:
Listed by:
Benn Vogelsang DRE #01883437 415-250-4947,
NorthMarq Multifamily
Bought with:
Benn Vogelsang, DRE #01883437
NorthMarq Multifamily
Source: SDMLS,MLS#: 250042275
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Interior area
- Total structure area: 5,326
- Total interior livable area: 5,326 sqft
Property
Parking
- Total spaces: 8
Features
- Stories: 2
Lot
- Size: 6,162 Square Feet
Details
- Parcel number: 4639 Iowa Street is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Community & HOA
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $437/sqft
- Date on market: 10/20/2025
- Total actual rent: 17255
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Sold | $2,325,000-7%$437/sqft |
Source:  SDMLS #250042275 Report a problem | ||
| 10/30/2025 | Pending sale | $2,500,000$469/sqft |
Source: SDMLS #250042275 Report a problem | ||
| 10/28/2025 | Listed for sale | $2,500,000$469/sqft |
Source: SDMLS #250042275 Report a problem | ||
| 10/23/2025 | Pending sale | $2,500,000$469/sqft |
Source: SDMLS #250042275 Report a problem | ||
| 10/22/2025 | Listed for sale | $2,500,000$469/sqft |
Source: SDMLS #250042275 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Normal Heights
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Nearby schools
GreatSchools rating
- 7/10Adams Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10Hoover High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$2,347,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,347,700
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