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4368 Iowa St

Active

Featured Listing

4368 Iowa St

4368 Iowa St

$2,700,000

UNITS

6

PROPERTY TYPE

Multifamily

SQUARE FEET

4,054

CAP RATE

AE

Arby Eivazian

DRE# 01948830 · South Coast Commercial

619-990-4436

Property Details

Property Name

4368 Iowa St

Address

4368 Iowa St, San Diego, CA 92116

Asking Price

$2,700,000

Units

6

Building Size

4,054 SF

Property Type

Multifamily

Cap Rate

Price Per Unit

$450,000

Status

Active

Broker

South Coast Commercial

Investment Opportunity

Pleased to present 4368 Iowa St, a 6-unit apartment building in the highly desirable Normal Heights neighborhood. Comprised of (1) 2-bed/1-bath, (5) 1-bed/1-bath, and a studio. This asset is currently generating gross rental income of $10,895, with rental upside to $20,490 through garage conversions into ADUs. The property is within walking distance of many shops, bars, and restaurants, and renters can quickly access most areas of San Diego via the I-805 and I-15 freeways, El Cajon Blvd to the south, and Adams Avenue to the north. A great investment for a value-add investor looking to build sweat equity.

Why This Property

Strong in-place income

High-demand urban corridor

Rental upside potential

Limited competing inventory

Suitable for 1031 exchange

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Interested in This Property?

Request the full offering memorandum, financial details, and schedule a private showing.

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