3289 3291 Ibis St., San Diego, CA

The property at 3289-3291 Ibis Street is comprised of 2 units located in San Diego, California. A 25-30% upside in rental income is projected after the completion of renovations. This prime Middletown / South Mission Hills neighborhood is in the vicinity of Old Town, Bankers Hill, Balboa Park, Little Italy, and Downtown. The property was built in 1957 and consists of two 1 bedroom/1 bath units that are approximately 480 SF (960 total SF) on a 3,487 SF lot. Additionally, the property features a private backyard space, newer concrete walkways, drought resistant landscaping, laminate flooring, a newer pitched, and vinyl fencing. A value-add opportunity is presented through the implementation of RUBS, allowing tenants to pay a portion of the utilities cost. This neighborhood offers excellent access to the Interstate 5, Interstate 163, and Interstate 8 freeways, which connect to major employment centers in 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. Buyer to verify on their own. Schedule a Private Showing