$2,195,000
$105K PRICE DROP

Estimated payment $13,070/month

Total Views 7,964
6 Beds
3 Baths
2,610 Sq Ft
$841 Price per Sq Ft

Highlights

  • Valley View
  • Heating Available
  • 5-minute walk to West Lewis Street Pocket Park
  • Grant K-8 Rated A-

About This Home

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.

Listing Agent

Ben Lucas

Compass License #02056740 Listed on: 09/18/2025

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Home Design

  • Clay Roof

Interior Spaces

  • 6 Bedrooms
  • 2,610 Sq Ft Home
  • 3-Story Property
  • Valley Views

Additional Features

  • 3,990 Sq Ft Lot
  • Heating Available

Community Details

Overview

  • 3 Units
  • San Diego Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $25,616

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1926
  • Unit Levels: 3 Story
  • Property Sub Type: Res Income 2-4 Units
  • Security Features: N/K
  • CapRate: 3.96
  • Co List Office Mls Id: 992089
  • Subdivision Name: SAN DIEGO
  • BuildingName: -
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-11-17T20:50:53Z
  • AgeRestrictions: N/K
  • FullAddress: 4109-4111 Ibis Street
  • ShortSale: No
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Total Bedrooms: 6

Exterior Features

  • Fencing: N/K
  • Roof: Tile/Clay
  • View: Valley/Canyon
  • Construction Type: Wood/Stucco

Utilities

  • Cooling: Other/Remarks
  • Heating: Combination Heating
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Electric

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Lot Size Sq Ft: 3990.0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Trash

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 3
  • Annual Operating Expense: 25616.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,286 $1,512,220 $1,167,328 $344,892
2024 $18,286 $1,482,570 $1,144,440 $338,130
2023 $17,883 $1,453,500 $1,122,000 $331,500
2022 $17,406 $1,425,000 $1,100,000 $325,000
2021 $4,188 $334,198 $228,378 $105,820
2020 $4,137 $330,772 $226,037 $104,735
2019 $4,064 $324,287 $221,605 $102,682
2018 $3,802 $317,929 $217,260 $100,669
2017 $3,711 $311,696 $213,000 $98,696
2016 $3,651 $305,585 $208,824 $96,761
2015 $3,597 $300,996 $205,688 $95,308
2014 $3,541 $295,101 $201,659 $93,442
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2025 10/24/25 Price Changed $2,195,000 -4.6% $841 / Sq Ft
09/18/2025 09/18/25 For Sale $2,300,000 +61.4% $881 / Sq Ft
12/21/2021 12/21/21 Sold $1,425,000 -10.9% $701 / Sq Ft View Prior Sale
11/19/2021 11/19/21 Pending -- -- --
09/29/2021 09/29/21 Price Changed $1,599,000 -1.6% $786 / Sq Ft
09/13/2021 09/13/21 Price Changed $1,625,000 -1.5% $799 / Sq Ft
09/01/2021 09/01/21 Price Changed $1,650,000 0.0% $811 / Sq Ft
09/01/2021 09/01/21 For Sale $1,650,000 -2.9% $811 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
03/20/2021 03/20/21 For Sale $1,700,000 -- $836 / Sq Ft
Source: San Diego MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Wfg Title Co Of Ca San Diego
Grant Deed $1,425,000 Wfg Title Co Of Ca San Diego
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $510,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $213,000 No Value Available
Previous Owner $212,400 No Value Available
Source: Public Records

Source: San Diego MLS

MLS Number: 250039279

San Diego MLS

APN: 444-395-05