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3575-77 Bancroft St

San Diego, CA 92104
  • $1,390,000
  • STATUS: SOLD
  • ON SITE: 485 Days
  • ID#: 230020270
Sold - 01/02/2024
$1,390,000
SOLD - 01/02/2024
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Description

DO NOT WALK ON THE PROPERTY AND DISTURB THE OCCUPANTS, SHOWN WITH ACCEPTED OFFER ONLY. Welcome to this exquisite multi-family residential income property with decent amount of rent generation, a true gem in close proximity to downtown. This remarkable property, presents an ideal opportunity for an owner living in one unit and rent the other one or keep it totally as an investment. Boasting two meticulously upgraded units PLUS a detached garage transformed into a studio, this space provides ample room for personal use, as well as potential rental income. Each unit is thoughtfully appointed with contemporary conveniences and inviting living areas, ensuring a comfortable lifestyle for all occupants. The property's strategic location offers easy access to an array of shops, dining establishments, and cafes in the vibrant North Park neighborhood, allowing you to relish in the local amenities without extensive travel. Both structures have been recently enhanced with brand new roofing, dual pane windows, HVAC split systems, flooring, and top-of-the-line stainless steel appliances. The larger unit also features a brand new kitchen, further elevating the living experience. Don't miss the chance to explore this extraordinary multi-family home.

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San Diego MLS logo 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/144364516
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3575-77 Bancroft St San Diego, CA 92104

  • Price: $1,499,000
  • Status: SOLD
  • On Site: 485 Days
  • ID#: 230020270
3
Beds
2
Baths
0
½ Baths
N/A
Acres
1,600
SQFT
$0
$/SQFT
2022
Built
Neighborhood:
Park Villas North
County:
San Diego
Area:
North Park (92104)
Property Description
DO NOT WALK ON THE PROPERTY AND DISTURB THE OCCUPANTS, SHOWN WITH ACCEPTED OFFER ONLY. Welcome to this exquisite multi-family residential income property with decent amount of rent generation, a true gem in close proximity to downtown. This remarkable property, presents an ideal opportunity for an owner living in one unit and rent the other one or keep it totally as an investment. Boasting two meticulously upgraded units PLUS a detached garage transformed into a studio, this space provides ample room for personal use, as well as potential rental income. Each unit is thoughtfully appointed with contemporary conveniences and inviting living areas, ensuring a comfortable lifestyle for all occupants. The property's strategic location offers easy access to an array of shops, dining establishments, and cafes in the vibrant North Park neighborhood, allowing you to relish in the local amenities without extensive travel. Both structures have been recently enhanced with brand new roofing, dual pane windows, HVAC split systems, flooring, and top-of-the-line stainless steel appliances. The larger unit also features a brand new kitchen, further elevating the living experience. Don't miss the chance to explore this extraordinary multi-family home.
Exterior Features

Exterior Stucco Fencing Full Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 2

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 1 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

Property Features

Actual Cap Rate 4.5 Age Restrictions N/K Annual Expense Actual 19000 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community NORTH PARK Complex Park Park Villas North Cross Streets Dwight St Gross Rent Multiplier Actual 17.59 Gross Scheduled Income Actual 85200 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays WaterElectricityGas/Propane Terms CashConventional Unit Number For Unit1 3577 Unit Number For Unit2 3575 Unit1 Deposit 4750 Unit1 Occupied Tenant Unit1 Rent Actual 4000.0 Unit2 Deposit 2850 Unit2 Occupied Tenant Unit2 Rent Actual 3100.0

San Diego MLS logo Listing provided courtesy of Omid Maghamfar of Coldwell Banker Realty: 858-525-5939. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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