3505 Ibis Street

3505 Ibis Street

D

San Diego, CA 92103

$1,598,000
NEW — 4d on market

Soft Appraisal Value: $1,571,800 · 1.7% above estimate

Beds

3

Baths

2.5

Sqft

1,972

Year Built

1950

Days on Market

4

Property Type

Single Family

HOA/mo

N/A

MLS ID

OC26058264

View on MLS

Description

Welcome to this beautifully reimagined single-story residence, where timeless charm meets modern elegance in one of San Diego’s most desirable locations.Situated on a premium corner lot with no HOA, this fully renovated home offers approximately 2,000 sq. ft. of thoughtfully designed living space, featuring 3 bedrooms and 2.5 bathrooms. The bright, open-concept layout is filled with natural light, enhanced by a unique split-level design that subtly separates living and dining areas while maintaining an open and airy flow.This home has undergone a comprehensive renovation, including a brand-new roof, new central A/C system with upgraded ductwork, and all-new flooring throughout. Interior upgrades also feature new windows, doors, designer lighting, modern fixtures, and fresh interior and exterior paint, creating a clean, cohesive, and move-in ready environment.The redesigned kitchen is both stylish and functional, showcasing sleek blue-gray cabinetry, modern appliances, and a spacious breakfast bar, perfect for casual dining or entertaining guests.All bathrooms have been tastefully updated. The luxurious primary suite offers a spa-like retreat with dual vanities, a freestanding soaking tub, oversized walk-in shower, and a large walk-in closet. Additional upgrades include partial drainpipe replacements, adding further value and peace of mind.Step outside to a professionally designed outdoor space featuring a flat, usable yard with turf, privacy fencing, and a dedicated lounge area, ideal for relaxing, entertaining, or pets. The front yard showcases a modern, low-maintenance desert landscape for enhanced curb appeal. Enjoy peek-a-boo ocean views from the street, adding a rare coastal touch.Additional highlights include an epoxy-coated garage floor and thoughtfully curated finishes throughout.Ideally located just minutes from Downtown San Diego, the airport, and the vibrant dining and shopping scene of Mission Hills, this property offers an exceptional combination of privacy, convenience, and lifestyle.With no HOA restrictions and excellent short-term rental (Airbnb) potential, this turnkey home presents a rare opportunity for both owner-occupants and investors alike.Don’t miss your chance to own a fully upgraded, move-in ready home in the heart of San Diego.

Mortgage Calculator

Est. Monthly Payment

$10,144

Principal & Interest$8,080
Property Tax$1,598
Insurance$466
%($319,600)
%

Investment Score

5D
Est. Monthly Rent
$6,121
Monthly Cashflow

Rent − PITI − HOA

$-4,023
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,763

Mortgage (P+I)
$8,080
Cap Rate
0.99%
Cash-on-Cash
-15.11%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.60
Break-even Rent
$10,144

NOI (Annual)
$15,810
Price-to-Rent

Lower = better for investors

21.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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