$2,325,000
SOLD NOV 20, 2025

4639 Iowa St San Diego, CA 92116

Normal Heights Neighborhood
5 Beds
4 Baths
5,326 Sq Ft
6,162 Sq Ft Lot

Recently Sold

$437 Per Sq Ft

7% Below List Price

10 Days on Market

About This Home

As of November 2025

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.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 10/20/2025

Last Buyer's Agent

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 10/20/2025

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,162 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

Interior Spaces

  • 5 Bedrooms
  • 5,326 Sq Ft Home
  • 2-Story Property

Listing and Financial Details

  • Total Actual Rent $17,255

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • Operating Expense $77,298

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.94
  • Co List Office Mls Id: 990885
  • Living Area: 5326.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-11-21T01:24:31Z
  • FullAddress: 4639 Iowa Street
  • NumofLeasedApartments: 8
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 5

Garage/Parking

  • Total Parking Spaces: 8.0

Lot Info

  • Lot Size Sq Ft: 6162.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 8
  • Annual Operating Expense: 77298.0
  • Total Actual Rent: 17255.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2025 11/20/25 Sold $2,325,000 -7.0% $437 / Sq Ft
10/30/2025 10/30/25 Pending -- -- --
10/28/2025 10/28/25 For Sale $2,500,000 0.0% $469 / Sq Ft
10/23/2025 10/23/25 Pending -- -- --
10/20/2025 10/20/25 For Sale $2,500,000 -- $469 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Benn Vogelsang

    Seller's Agent in 2025

    Benn Vogelsang

    NorthMarq Multifamily

    (415) 250-4947

    6 in this area

    103 Total Sales

    Benn Vogelsang
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 250042275

San Diego MLS

APN: 439-420-29-00

California San Diego County San Diego 92116 Normal Heights

4639 Iowa St, San Diego, CA

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Diego MLS This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS.

Nearby Homes