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Residential Income for sale : 11 bedrooms : 4629 Bancroft St. in San Diego

4629 Bancroft St. San Diego

Main Photo: Residential Income for sale : 11 bedrooms : 4629 Bancroft St. in San Diegobanner
$2,895,000
Prop. Type:
Residential Income
MLS® Num:
260016353
Status:
Active
Bedrooms:
11
Bathrooms:
8
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.
Property Sub Type:
Com-Res Income
Number of Buildings:
1
County Or Parish:
San Diego
Market Area:
Metro Uptown
Total Building Area:
Switch units of measure4,816 sq. ft.
Total Floor Area:
Switch units of measure4,816 sq. ft.
Total Bedrooms:
11
Bathrooms:
8
Full Bathrooms:
8
Half Bathrooms:
0
Structure Type:
Apartment
Stories:
2 Story
Num Stories:
2
Year Built:
0
Age (in years):
Switch units of measure2,026 year(s)
Short Sale:
false
Terms:
Cash, Cash to New Loan
Total Actual Rent:
$16,480
Cap Rate.:
4.5
Gross scheduled income:
200160.0
Projected gross operating income:
225984
Projected net Income:
161523
Projected Gross Multiplier:
12.6
Operating expense:
66294.0
Projected operating expense:
64461
Financial Information Source:
Owner
Number of Units:
8
Number of Leased Apartments:
8
Number of Units in Unit 1:
5
Number of Units in Unit 2:
3
Total Rent for Unit 1:
$9,580
Total Rent for Unit 2:
$6,900
Adams Ave. then south on Bancroft.
Special Listing Conditions:
N/K
Laundry:
Owned
Construction Material:
Fully Landscaped
Lot Size:
Switch units of measure6,098 sq. ft.
Parcel Number:
439-32-24-00
Parking Features:
Garages, Spaces
Total Parking Spaces:
9
Heating:
Wall
Cooling:
Wall/Window
Floor finish:
Wood
Listed by South Coast Commercial, Inc.
Data was last updated July 10, 2026 at 01:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.