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$ 2,895,000
Est. payment /mo
New
4629 Bancroft St. San Diego, CA 92116
11 Beds
8 Baths
4,816 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 4,816 sqft
Price per Sqft $601
MLS Listing ID 260016353
Bedrooms 11
Full Baths 8
Lot Size 6,258 Sqft
Property Sub-Type Com-Res Income
Property Description
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.
Location
State CA
County San Diego
Area Metro Uptown
Direction Adams Ave. then south on Bancroft.
Interior
Heating Wall
Cooling Wall/Window
Flooring Wood
Fireplace No
Laundry Owned
Exterior
Parking Features Garages, Spaces
View Y/N No
Total Parking Spaces 9
Building
Dwelling Type Apartment
Story 2
Others
Senior Community No
Tax ID 439-32-24-00
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Virtual Tour https://realestate.28photos.com/vd/216956376
Listed by Mark A Morgan, DRE#01339919 South Coast Commercial, Inc.