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 Details
Price:
$2,950,000
MLS #:
250041554SD
Status:
Active
Beds:
0
Baths:
0
Address:
Bancroft St.
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92116
City:
San Diego
Listed Date:
Oct 13, 2025
State:
CA
ZIP:
92116
Lot Size:
6,258 sqft / 0.14 acres (approx)
Schools
Interior
Cooling
W W
Heating
W L
Exterior
Construction Materials
S T C, D W A L
Parking Spots
9
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Courtesy of South Coast Commercial, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. Bancroft St.
San Diego, CA
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