4109 Ibis Street
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4109 Ibis Street

C

San Diego, CA 92103

$1,999,999
NEW — 3d

Beds

Baths

Sqft

Year Built

1926

Days on Market

3

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

260015460SD

This property is in San Diego (92103). View neighborhood stats →

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About This Property

Located on Ibis Street in highly desirable North Mission Hills, this updated triplex offers two units plus a bonus ADU (unpermitted prior to current ownership) on the lowest level. Walkable to shops, dining, and grocery stores, the property sits on a 3,990 sq ft lot with lush canyon views. Street level: 3BR/1BA, 1,085 sq ft with garage and balcony. Mid level: 2BR/1BA, 975 sq ft + den/office (not in sq ft), large deck and side yard. Lower level: 1BR/1BA, 550 sq ft (unpermitted) with patio and yard. Upgrades include new roof (2020), electrical (2018), bathroom remodel/plumbing (2017), sewer line (2012), hardwood floors (2022), new decks (2022 & 2025), and fresh exterior paint. All units feature in-unit laundry, mini-split heating/AC, and modern finishes; top unit includes a dishwasher. With strong rental demand and long-term tenants in place, this is a rare investment or owner-user opportunity near Hillcrest, Balboa Park, and downtown.

Mortgage Calculator

Est. Monthly Payment

$12,696

Principal & Interest$10,113
Property Tax$2,000
Insurance$583
%($400,000)
%

Investment Score

0D
Est. Monthly Rent
$5,337
Monthly Cashflow

Rent − PITIA

$-7,359
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,253

Mortgage (P+I)
$10,113
Cap Rate
-0.08%
Cash-on-Cash
-30.76%
DSCR

Need ≥ 1.25 for DSCR loan

0.42
Break-even Rent
$18,653

NOI (Annual)
$-1,682
Price-to-Rent

Lower = better for investors

31.2

* 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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