3289 Ibis Street
$812,000
2
2
—
—
—
Sold 11/18/24
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.
- Listed by Matt Robinson • DRE #01491108 • Brokerage DRE #01411216 • MD Real Estate, Inc
Property Details for 3289 Ibis Street
Zoning
RS-1-7
Cross StreetsHorton Ave.
Source Living Area404
AreaMission Hills San Diego (MIH)
Lot Size Area3487
HOA Fee Frequency 1Monthly
HOA Fee 2$0
HOA Fee Frequency 2Monthly
LISTING UPDATED: 11/19/2024 05:05 PM
Property Details for 3289 Ibis Street
Status | Sold |
---|---|
MLS # | 240023719SD |
Days on Market | 17 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.08 AC / 3,487 SF |
County | San Diego County |
Building Information for 3289 Ibis Street
Stories1Residences-Year Built1957Building Size-Lot Size0.08 AC / 3,487 SF
Property Information for 3289 Ibis Street
Property History for 3289 Ibis Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3289 Ibis Street
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 5 to 6 | |||
Public - | 6 to 8 | |||
Public - | 7 to 8 |
Rating | School | Distance |
---|---|---|
Grant K-8 PublicK to 8 | ||
Dana 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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