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.
- Heating System:
- Wall
- Cooling System:
- Wall/Window
- Parking:
- Spaces, Garages
- Flooring:
- Wood
- Laundry Features:
- Owned
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- San Diego
- Zipcode:
- 92116
- Street:
- Bancroft St.
- Street Number:
- 4629
- Longitude:
- W118° 52' 34.9''
- Latitude:
- N32° 45' 42.2''
- Directions:
- Adams Ave. then south on Bancroft.
- Mls Area Major:
- Metro Uptown
- Office Name:
- South Coast Commercial, Inc.
- Agent Name:
- Mark A Morgan
- Building Size:
- 4816
- Construction Materials:
- Fully Landscaped
- Levels:
- 2 Story
- Number Of Units Total:
- 8
- Stories:
- 2
- Virtual Tour:
- https://realestate.28photos.com/vd/216956376
- List Agent Mls Id:
- 630398
- List Office Mls Id:
- 69464
- Listing Term:
- Cash,Cash to New Loan
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2025-10-22T18:17:21Z
- Originating System Name:
- SDMLS
- Special Listing Conditions:
- N/K
Residential Income
4629 Bancroft St., San Diego, CA 92116
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 250041554
- Price :
- $2,950,000
- Bedrooms :
- 3
- Bathrooms :
- 2
- Square Footage :
- 4,816
- Status :
- Active
- Property Sub Type :
- Com-Res Income
