For sale
  • $2,950,000

    4629 Bancroft St, San Diego, CA 92116

    3beds
    2baths
    4,816sqft
    : 
    Multi Family
    Built in ----
    -- sqft lot
    $2,931,600 Zestimate®
    $613/sqft
    $-- HOA

    What's special

    New exterior paintNew tile showersGranite countertopsSecured gated accessZero scape landscapingCashless laundry roomDual pane windows
    8 Pride of Ownership Normal Heights units just 1/2 block south of Adams Avenue. 6 of the 8 units have been fully renovated featuring: granite countertops, new kitchen and bath cabinets, new tile showers, stainless steel refrigerators-dishwashers-microwaves-stoves, wood laminate floors, dual pane windows, etc. The property features: two 2-car garages, 5 open parking spaces, secured gated access, owned cashless laundry room (also renovated), new main electric panel, new 50-year roof (2016), new exterior paint (2023), zero scape landscaping, and completed balcony inspection (2025). Building was re-piped in 2015 and tented for termites in 2021. The 2 non-renovated units are in great condition and also have wood laminate flooring. There is significant potential for increased cash flow, as current rents are 12% to 15% below market rates. Investors have the option to further maximize returns by either converting the two double garages into Accessory Dwelling Units (ADUs) or charging tenants for garage usage.
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