NOT LISTED FOR SALE
5 Beds
4 Baths
5,326 Sq Ft
6,162 Sq Ft Lot

Sale Details

Date Sold: November 20, 2025

Last sale price $2,325,000 $437 Per Sq Ft

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

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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

6,162 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2025
Closed on
Nov 19, 2025
Sold by
Bought by
Seller's Agent
Benn Vogelsang
NorthMarq Multifamily
Buyer's Agent
Benn Vogelsang
NorthMarq Multifamily
List Price
$2,500,000
Sold Price
$2,325,000
Premium/Discount to List
-$175,000
-7%
Views
14

Purchase Details

Closed on
Jun 11, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 10, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
7.88%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2000
Sold by
Bought by

Purchase Details

Closed on
Mar 12, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 22, 1992
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Normal Heights, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,325,000 Chicago Title
$1,600,000 Lawyers Title Sd
-- None Available
-- Chicago Title Co
$625,000 Chicago Title Co
-- --
$500,000 Chicago Title Co
-- Chicago Title
-- Chicago Title
-- Chicago Title Co
$270,000 Chicago Title Co
$425,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,375,000
Previous Owner $875,000
Previous Owner $10,000
Previous Owner $695,000
Previous Owner $650,000
Previous Owner $600,000
Previous Owner $380,000
Previous Owner $303,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $23,687 $2,325,000 $1,800,000 $525,000
2025 $23,687 $1,888,152 $941,116 $947,036
2024 $22,792 $1,851,130 $922,663 $928,467
2023 $22,287 $1,814,834 $904,572 $910,262
2022 $21,693 $1,779,250 $886,836 $892,414
2021 $21,545 $1,744,364 $869,448 $874,916
2020 $21,284 $1,726,478 $860,533 $865,945
2019 $20,904 $1,692,626 $843,660 $848,966
2018 $19,542 $1,659,438 $827,118 $832,320
2017 $19,076 $1,626,900 $810,900 $816,000
2016 $18,771 $1,595,000 $795,000 $800,000
2015 $13,527 $1,148,192 $579,895 $568,297
2014 $11,833 $1,000,000 $504,000 $496,000
Source: Public Records

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Map

Source: San Diego MLS

MLS Number: 250042275

San Diego MLS

APN: 439-420-29-00

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