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4218-28 Iowa St
San Diego, CA 92104
$2,500,000
Step back in time without sacrificing modern luxury. These enchanting 1-bedroom cottages boast historic character, featuring original wood floors and old-style Spanish archways. The bright interiors are beautifully updated with stainless steel appliances and the ultimate urban luxury: an in-unit washer and dryer. Situated in a highly desirable Downtown San Diego location, these unique cottages offer a rare lifestyle opportunity and will not last long on the market. Six charming one-bedroom cottages on a generous 10,921 SF lot in the heart of North Park. The detached cottage layout gives each home its own character, and six single-car garages offer a welcome perk in this neighborhood. Close to North Park’s favorite coffee shops, restaurants, and local shops, this is a distinctive multifamily property with lasting rental appeal and strong long-term hold potential.
| Listing Id: | 260026405 |
|---|---|
| List Price: | $2,500,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Com-Res Income |
| Status: | Active |
| Bedrooms Total: | 6 |
| Bathrooms Full: | 6 |
| Living Area: | 3,828 |
| Lot Size Square Feet: | 10,921.0 |
| Waterfront?: | No |
| City: | San Diego |
| County Or Parish: | San Diego |
| Postal Code: | 92104 |
| Year Built: | 0 |
| Number Of Units Total: | 6 |
| Structure Type: | Apartment |
| Basement: | false |
| Bathrooms Total Integer: | 6 |
| Building Area Total: | 3,828.0 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Construction Materials: | Stucco |
| Cooling: | Central Forced Air Elec |
| Laundry Features: | Owned |
| Levels: | 1 Story |
| Living Area Units: | Sqft |
| Lot Size Area: | 0.25 |
| Lot Size Units: | Acres |
| MLS Area Major: | Metro Uptown |
| Parcel Number: | 446-251-09-00 |
| Photos Change Timestamp: | 2026-11-06T00:59:24Z |
| Roof: | Tile |
| Special Listing Conditions: | N/K |
| State Or Province: | CA |
| Stories: | 1 |
| Zoning: | RM-3-9 |
| Sdmls Area Zip: | NORTH PARK (92104) |
| Sdmls Lvt Date: | 2026-11-05 |
| Original List Price: | $2,500,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Community Features: | Other/Remarks |
| Listing Terms: | Cash, Exchange Down, Exchange Up |
| Sdmls Short Sale: | No |
| Sdmls Internet Address: | 4218-28 Iowa St |
| Operating Expense: | $73,677 |
| Sdmls Have: | 6-Units |
| Sdmls Unit Rent1: | 2603 |
| Sdmls Proj Gross Multiplier: | 12.63 |
| Sdmls Proj Gross Operating Inc: | 205499 |
| Sdmls Proj Operating Expense: | 74187 |
| Sdmls Projected Net Income: | 131312 |
| Sdmls Motive Want: | Sell |
| Gross Scheduled Income: | $195,304 |
| Number Of Buildings: | 6 |
| Sdmls Numof Units1: | 6 |
| Sdmls Max Search Price: | 2,500,000 |
| Sdmls Price Unit: | 416,667 |
| Sdmls Unit Rent Total1: | 15,615 |
| Total Actual Rent: | $15,615 |
| Sdmls Age: | 1,935 |
| Parking Total: | 6 |
| Sdmls Geo Update Timestamp: | 2026-11-05T18:41:07.8 |
| Sdmls Full Address: | 4218-28 Iowa St |
| Sdmls Pp Insta: | https://www.propertypanorama.com/instaview/snd/260026405 |
| Showing Requirements: | With Accepted Offer |
| Sdmls Lot Size: | .25 Acres or less |
| On Market Date: | 2026-11-05 |
Listing Courtesy of: Colliers International SD, Inc
Listing Agent: Aaron Bove
858-945-7094
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© 2026 San Diego MLS.
San Diego MLS data last updated on November 06, 2026 12:43 AM - PT.
Property Last Updated: November 06, 2026 12:43 AM - PT
