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San Diego, CA 92103,3289-3291 Ibis St.
San Diego, CA 92103,3289-3291 Ibis St.
San Diego, CA 92103,3289-3291 Ibis St.
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$825,000
Est. payment /mo
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2 BD
2 BA
480 SqFt
Pending

3289-3291 Ibis St. San Diego, CA 92103

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Kaye Atkins

Kaye Atkins

+1(760) 500-0882

UPDATED:

10/21/2024 05:35 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

Square Footage 480 sqft

Price per Sqft $1,718

Subdivision San Diego

MLS Listing ID 240023719

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1957

Lot Size 3,487 Sqft

Property 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 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.

Location

State CA

County San Diego

Community San Diego

Area Mission Hills (92103)

Zoning RS-1-7

Interior

Heating Natural Gas

Cooling Wall/Window

Appliance Wall/Gravity

Exterior

Exterior Feature Stucco, Wood/Stucco

Fence Partial

Community Features Laundry Facilities

Complex Features Laundry Facilities

Roof Type Composition

Building

Lot Description Public Street, Sidewalks, Street Unpaved

Story 1

Lot Size Range 1-3999 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,787

Listing Terms Cash, Conventional, Exchange

San Diego Regional MLS (SDMLS)
Listed by Matt Robinson • MD Real Estate, Inc

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Kaye Atkins

Agent | License ID: 01779680

+1(760) 500-0882

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