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Bancroft St. San Diego CA 92116 MLS #250041554SD

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

Financial

Net Operating Income
$125,682

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