3289-3291 Ibis Street

San Diego, CA 92103

$812,000
Last Sold Price
2
Beds
—
Baths
960 Sq. Ft.
$846 / Sq. Ft.
960
Sq. Ft.
$846
per Sq. Ft.

Sold 11/19/24

Sold 11/19/24

Description

The property located at 3289-3291 Ibis Street consists of 2 units located in San Diego, California. Following the completion of renovations, a 25-30% upside in rental income is projected. This property is located in the desirable Middletown/South Mission Hills neighborhood, in close proximity to Old Town, Bankers Hill, Balboa Park, Little Italy, and Downtown. Constructed in 1957, the property features two 1-bedroom/1-bathroom units, each approximately 480 SF (960 total SF) on a 3,487 SF lot. Additional...The property located at 3289-3291 Ibis Street consists of 2 units located in San Diego, California. Following the completion of renovations, a 25-30% upside in rental income is projected. This property is located in the desirable Middletown/South Mission Hills neighborhood, in close proximity to Old Town, Bankers Hill, Balboa Park, Little Italy, and Downtown. Constructed in 1957, the property features two 1-bedroom/1-bathroom units, each approximately 480 SF (960 total SF) on a 3,487 SF lot. Additional amenities include a private backyard, epoxy coated concrete walkways, drought-resistant landscaping, laminate flooring, a recently upgraded pitched roof, and vinyl fencing. Furthermore, there is a value-add opportunity through the implementation of RUBS, enabling tenants to contribute to a portion of the utility expenses. The City of San Diego is recognized as one of the most robust rental markets in the county, with consistently high demand for apartment rentals. Historic occupancy rates in this sub-market are estimated to be approximately 97%-100%, while rental prices continue to increase. The neighborhood also boasts excellent access to major transportation routes, including Interstates 5, 163, and 8, providing convenient connections to key employment hubs throughout the greater San Diego area. Please do not communicate with or disturb any of the residents. Unit square footage is estimated based on the number provided by title services.
  1. Listed by Matt Robinson • DRE #01491108 • MD Real Estate, Inc • 858-361-3159

Property Details for 3289-3291 Ibis Street

Area
Mission Hills (92103)
Neighborhood
Middletown
Community
SAN DIEGO
City Postal ID
MISSION HILLS (92103)
Cross Street(s)
Horton Ave.
LISTING UPDATED: 11/19/2024 05:03 PM

Property Details for 3289-3291 Ibis Street

StatusSold
MLS #240023719
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.08 AC / 3,487 SF
CountySan Diego County

Building Information for 3289-3291 Ibis Street

Stories1Residences-Year Built1957Building Size-Lot Size0.08 AC / 3,487 SF

Property Information for 3289-3291 Ibis Street

Summary Information
Property and Location
  • System ID: 240023719
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 1957
  • Street Number Numeric: 3289
  • Street Name: Ibis St.
  • Complex Features: Laundry Facilities
  • Age Restrictions: N/K
  • Market Area: Metro Uptown
HOA and Fees
  • Home Owners Fee Includes: N/K
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 2
  • Num of Units w/Cooling: 0
  • Cooling: Wall/Window Unit(s)
  • Heat Equipment: Wall/Gravity
  • Water Heater Type: Gas
  • Heat Source: Natural Gas
Exterior Features
  • Exterior: Stucco, Wood/Stucco
  • Roof: Composition
  • Fencing: Partial
  • Security: N/K
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: 1-3,999 SF
  • Lot Size Source: Title Company
  • Frontage: Other/Remarks
  • Additional Property Use: N/K
  • Topography: Slope Gentle
  • Site: Public Street, Sidewalks, Street Unpaved
  • Zoning: RS-1-7
  • Complex/Park: N/A
  • Assessors Parcel Num: 451-542-03-00
Utilities
  • Water: Meter on Property
  • Water District: CITY OF SAN DIEGO
  • Water District URL: www.ci.san-diego.ca.us/water
  • Sewer/Septic: Sewer Connected
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 3291
  • Unit 1 Num of Bedrooms: 1
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $1,325
  • Unit 1 Estimated SqFt: 480
  • Unit 1 Exclusive Use Yard: No
  • Unit 1 Laundry Hook Ups: No
  • Unit 1 Occupied: Tenant
  • Unit 1 Projected Rent: $2,250
  • Unit 1 Rent Actual: $1,787
Unit 2
  • Unit Num for Unit 2: 3289
  • Unit 2 Num of Bedrooms: 1
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $600
  • Unit 2 Estimated SqFt: 480
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: No
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $2,250
  • Unit 2 Rent Actual: $1,550
Unit 3
  • Unit 3 Num of Total Baths: 0
Unit 4
  • Unit 4 Num of Total Baths: 0
Building Details
  • Heating: Natural Gas

Property History for 3289-3291 Ibis Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3289-3291 Ibis Street

Taxable ValueLand$61,217Additions$88,028Total$149,245
Tax Record2020$1,868 ($156 / month)
Home Facts
Total Finished SqFt960 SqFtAbove Grade Finished SqFt960 SqFtLot Size3,310 SqFtStyleDuplexYear Built1957Year Renovated1957ZoningR1CountySAN DIEGOAPN4515420300

Schools near 3289-3291 Ibis Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Grant K-8
Public - K to 8
Dana Middle School
Public - 5 to 6
Roosevelt International Middle School
Public - 6 to 8
Correia Middle School
Public - 7 to 8
Rating
School
Distance
Grant K-8
PublicK to 8

Dana Middle School
Public5 to 6

Roosevelt International Middle School
Public6 to 8

Correia Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of MD Real Estate, Inc, Matt Robinson, DRE #01491108

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