4118 Iowa St, Unit 24 San Diego, CA 92104-1904
Property profile & analytics
4118 Iowa St, Unit 24 San Diego, CA 92104-1904
- Apartment buildings
- 3,116 SF
- 0.16 lot acres
Property ID
US09-8915595
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 4118 Iowa St
- Year built
- 1945
- Lot size
- 0.16 lot acres
- Property size
- 3,116 SF
- Zone code
- R-3:RESTRICTED MULTIPLE
- Property type
- Apartment buildings
- APN
- 446-322-19-00
- APU
- 4463221900
Description
This exceptional 6-unit apartment building, located in San Diego's desirable North Park neighborhood (zip code 92104), presents a compelling investment opportunity. Built in 1945, this fee-simple property boasts 3,140 square feet of net rentable space situated on a 0.16-acre lot. The property features a mix of unit types: one two-bedroom/one-bathroom cottage and five one-bedroom/one-bathroom units. Recent improvements include new roofs on all units and a complete renovation of the two-bedroom cottage, featuring new windows, electrical systems, kitchen, and bathroom. Additional amenities include gated access, laundry hookups in select units, ample yard space, and five attached single-car garages, offering potential for ADU conversion. The property benefits from a 100% occupancy rate, generating a current NOI of $14,959 and a pro-forma NOI of $128,811, reflecting a pro-forma cap rate of 5.99%. Its prime location, just blocks from University Avenue, El Cajon Boulevard, and 30th Street, provides easy access to shops, restaurants, and entertainment. The property's R3 zoning and upgraded 600-amp electrical systems further enhance its value. The asking price is $2,150,000, representing $358,333 per unit and $684.71 per square foot. This value-add property offers significant upside potential through further renovations and rent increases in a market experiencing strong rent growth and appreciation.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,815,000
- OFFICE BUILDING
- $1,315,000
- RETAIL STORES
- $1,315,000
- AUTO REPAIR, GARAGE
- $1,200,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.127
- Latitude
- 32.7527
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,308
$263,686
$316,425
$580,111
-
$0.00
$0.00
$0.00
