4669 Iowa Street

San Diego, CA 92116

$2,775,000
Last Sold Price
1
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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....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.

Property Details for 4669 Iowa Street

City Postal ID
NORMAL HEIGHTS (92116)

Location

Listing Courtesy of Marcus & Millichap, Carson P Trujillo, DRE #01974818

Sold By Cabrillo Properties, Nathan Travassos, DRE #01738960

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LISTING UPDATED: 07/25/2023 11:21 AM

Property Details for 4669 Iowa Street

StatusSold
MLS #230008673
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Marcus & Millichap, Carson P Trujillo, DRE #01974818

Sold By Cabrillo Properties, Nathan Travassos, DRE #01738960

Add your commute

Payment Calculator

$16,717 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,144

Property Taxes

$1,573

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4669 Iowa Street

Summary Information
Property and Location
  • System ID: 230008673
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 4669
  • Street Name: Iowa St
  • Market Area: Metro Uptown
Supplement
  • Supplement: 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.
Property Information
Property and Assessments
  • Entry Only: No
  • Assessors Parcel Num: 439-420-34-00
Multi Family Information
Unit 1
  • Unit Furnished: n
  • Unit Rent: 1509
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Number of Bathrooms: 1
Building Details
  • Age: 1986
  • Have: 9 Units
  • Motive/Want: 9 Units
  • SqFt of Improvement: 4,109

Property History for 4669 Iowa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4669 Iowa Street

Taxable ValueLand$739,587Additions$796,478Total$1,536,065
Tax Record2023$18,875 ($1,573 / month)
Home Facts
Total Finished SqFt4,109 SqFtAbove Grade Finished SqFt4,109 SqFtLot Size6,565 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningR-3:RESTRICTECountySAN DIEGOAPN439-420-34-00

Schools near 4669 Iowa Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Adams Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

San Diego Global Vision Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Marcus & Millichap, Carson P Trujillo, DRE #01974818

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