4639 Iowa Street, San Diego, CA 92116

About this commercial property

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.

Listing description from the November 2025 sale, as reported to CRMLS.

Sale history

$2,325,000

Sold November 2025 · listed $2,500,000, on market October 2025 · MLS #250042275SD · Source: CRMLS

Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily

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