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Fortune Peak Properties
4639 Iowa St, Normal Heights, CA 92116
- $2,325,000
- 5
- BD
- 4
- BA
- 5,326
- SqFt
Listing courtesy of Listing Agent: Benn Vogelsang (415-250-4947) from Listing Office: NorthMarq Multifamily.
Selling Office: NorthMarq Multifamily.- Sold Price
- $2,325,000
- List Price
- $2,500,000
- Status
- CLOSED
- Days on Market
- 29
- Closing Date
- Nov 20, 2025
- MLS#
- 250042275
- Subtype
- Residential Income
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 5,326
- Lot Size
- 6,162
- Acres
- 0.14
- MLS Area Major
- San Diego Central
Property Description
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.
Additional Information
- Stories
- 2
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