4669 Iowa St, San Diego, CA 92116

About this commercial property

Pleased to present for sale a 9-unit multifamily property located in San Diego’s Normal Heights neighborhood. Built in 1986, this property sits on a 6,565 SF lot and boasts 4,109 SF of rentable space. The property at 4669 Iowa St features nine one-bedroom/one-bathroom units, seven of which have been recently updated with contemporary finishes such as new flooring, kitchens, and bathrooms. Tenants can enjoy access to a secure gated entry courtyard, on-site parking, and on-site coin-operated laundry. With current rents approximately 30% below market value, an investor could easily increase profits with minimal effort. The property’s prime location in Normal Heights, with a walk score of 92, is less than a block away from Adams Ave, which is lined with restaurants, bars, shops, and attractions. Normal Heights is a sought-after neighborhood that attracts high-quality tenants, making this property a smart investment for years to come.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$2,775,000

Sold July 2023 · listed $2,800,000, orig. $2,995,000, on market May 2023 · MLS #230008673SD · Source: CRMLS

Listing Agent: Carson Trujillo · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Nathan Travassos · Cabrillo Properties

Explore San Diego