Listing provided courtesy of Mark Morgan of South Coast Commercial, Inc.. Last updated 2025-10-20 08:32:45.000000. Listing information © 2025 Sandicor.
Asking Price: $2,950,000 |
4629 Bancroft St., San Diego CA 92116
Community: 92116 - Normal Heights
This Commercial/Residential property was built in 0 and is priced at $2,950,000. Please see the additional details below.
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.