4767 Bancroft St

    San Diego, CA 92116
    • $1,499,900
    • STATUS: ACTIVE
    • ON SITE: 12 days
    • ID#: 190012855
    UPDATED: 72 min ago
    $1,499,900
    • 8
      BEDS
    • 0.15
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 3,631
      SQFT
    • $413
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    Description

    Located north of Adams in the heart of Normal Heights! 4767 Bancroft Street consists of one single family, 2br/1bath home, and three 2br/2bth attached units, each with their own balcony/patio, central A/C, and fireplace. All 4 units have their own laundry and 1 car garage. There is substantial upside potential in rental income. The front home is vacant and rental ready. The back 3 units have long term tenants on month to month leases, offering maximum flexibility to the new owner. The property consists of one Single Family Home in front. 2 bedrooms, 1 bath, approximately 931 sqft. Driveway parking assigned to the home accommodates 2 to 3 cars and an assigned 1 car garage. Laundry within the unit. Tenant just vacated. The unit is updated and rental ready. Or, offers the ability to expand the home and add an additional bed(s) and bath. - Three attached 2 bedroom, 2 bath, approximately 900 sqft units. Each unit features: Washer/Dryer. Dual master suite layout. Fireplaces. Balconies for 2 upstairs units and patio for the downstairs unit. 1 car garage (downstairs unit has direct access). Central heat and A/C. Normal Heights is a lively residential area with many hip cafes, gastropubs, craft beer bars, and diverse restaurants, especially along Adams Avenue. The neighborhood is also known for concerts in grassy Trolley Barn Park as well as outdoor movie screenings at Ward Canyon Park, which also has play areas and walking paths. Located in the center of San Diego County this neighborhood is truly convenient to all San Diego has to offer.

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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 MLS. 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.canerealestate.com/homes/92522822

    4767 Bancroft St San Diego, CA 92116

    • Price: $1,499,900
    • Status: ACTIVE
    • Updated: 72 min ago
    • ID#: 190012855
    8
    Beds
    7
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,631
    SQFT
    $413
    $/SQFT
    1970
    Built
    Neighborhood:
    Normal Heights
    County:
    San Diego
    Area:
    Normal Heights (92116)
    High School:
    San Diego Unified School District
    Property Description
    Located north of Adams in the heart of Normal Heights! 4767 Bancroft Street consists of one single family, 2br/1bath home, and three 2br/2bth attached units, each with their own balcony/patio, central A/C, and fireplace. All 4 units have their own laundry and 1 car garage. There is substantial upside potential in rental income. The front home is vacant and rental ready. The back 3 units have long term tenants on month to month leases, offering maximum flexibility to the new owner. The property consists of one Single Family Home in front. 2 bedrooms, 1 bath, approximately 931 sqft. Driveway parking assigned to the home accommodates 2 to 3 cars and an assigned 1 car garage. Laundry within the unit. Tenant just vacated. The unit is updated and rental ready. Or, offers the ability to expand the home and add an additional bed(s) and bath. - Three attached 2 bedroom, 2 bath, approximately 900 sqft units. Each unit features: Washer/Dryer. Dual master suite layout. Fireplaces. Balconies for 2 upstairs units and patio for the downstairs unit. 1 car garage (downstairs unit has direct access). Central heat and A/C. Normal Heights is a lively residential area with many hip cafes, gastropubs, craft beer bars, and diverse restaurants, especially along Adams Avenue. The neighborhood is also known for concerts in grassy Trolley Barn Park as well as outdoor movie screenings at Ward Canyon Park, which also has play areas and walking paths. Located in the center of San Diego County this neighborhood is truly convenient to all San Diego has to offer.
    Exterior Features

    Boat Facilities No/Unknown Exterior StuccoWoodWood/Stucco Fencing Partial Frontage N/K Irrigation Other/Remarks Lot Dimensions Approx 50X126 Parking For RV None Known Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 Attached Parking Garage Desc Unit3 Attached Parking Garage Desc Unit4 Attached Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 1 Parking Non Garage Desc Unit1 TandemUncovered Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site CurbsSidewalksStreet Paved Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 4 Units With Patios 4 View N/K

    Interior Features

    Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Forced Air UnitWall/Gravity Heat Source Natural Gas Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 3 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4 Water Heater Type Gas

    Property Features

    Actual Cap Rate 3.7 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 3870 Annual Expense Projected 3870 Assessments N/K Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0 Cfd Mello Roos Fee Reflects None Known Cfd Mello Roos Payment Freq N/K Community Normal Heights Complex Features N/K Complex Park - Cross Streets Adams Avenue Est Percent Owner Occupancy 75 Gross Rent Multiplier Actual 18.3 Gross Rent Multiplier Project 13.9 Gross Scheduled Income Actual 81840 Gross Scheduled Income Project 108000 Home Owners Assoc Fee Includes N/K Home Owners Assoc Payment Freq N/K Home Owners Fee Reflects None Known Home Owners Fees 0 Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Uptown Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 104130 Other Fee Type N/K Other Fees 0 Other Fees Payment Frequency N/K Other Fees Reflect None Known Other Income Actual 0 Pets Yes Possession Close Of Escrow Projected Cap Rate 5.37 Projected Other Income 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial) Tenant Pays Gas/PropaneOther/Remarks Terms CashConventional Unit Number For Unit1 House Unit Number For Unit2 A Unit Number For Unit3 B Unit Number4 C Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 2400 Unit1 Rent Actual 0 Unit2 Deposit 1200 Unit2 Occupied Tenant Unit2 Projected Rent 2200 Unit2 Rent Actual 1695 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 2200 Unit3 Rent Actual 1600 Unit4 Deposit 1195 Unit4 Occupied Tenant Unit4 Projected Rent 2200 Unit4 Rent Actual 1550 Vacation Rental By Owner No Water Meter On Property Water District City Of San Diego Zoning R-4:Multip

    Listing provided courtesy of Big Block Realty, Inc.. Listing information © 2019 San Diego MLS, Inc.
    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 MLS. 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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