NOT LISTED FOR SALE
6 Beds
4 Baths
2,270 Sq Ft
2000 Built

Last Sold April 15, 2022

Last sale price $1,850,000 $815 Per Sq Ft

26 Days on Market

Highlights

  • Pool and Spa
  • Park or Greenbelt View
  • Partially Fenced Property
  • McKinley Elementary School Rated A
  • Forced Air Heating System
  • Level Lot

About This Home

As of April 2022

Back on market! Rent all three or live in lovely front home and rent the back two. The house configuration is a 4BR/2BA, 1,350sq.ft front house (2933 Bancroft) with two units in back. The back upstairs is 1BR/1BA, 520 sq.ft. apartment and a lower 1BR/1BA, 400 sq.ft. ADU (2935 Bancroft A & B). All in upgraded condition. All share pool and jacuzzi but the deck areas are separate. Washer and dryer for back units are in a laundry room that is shared. 2-3 parking spaces off the alley for back apartments. Popular North Park area near Burlingame, close to Balboa Park, San Diego Zoo, & more Rental prices: • Front house (2933 Bancroft) - $4,000/month since March 2020 + contribution towards utilities + has AC • Apartment (Upper- 2935 Bancroft B) - $1950/month with new 6 month tenant and includes utilities but no A/C • (Lower apt.- 2935 Bancroft A)- $1,450/month + contribution towards utilities - no A/C. Leaving end of April. Proposed rent $1,600+. Apt remodel (lower unit) - 2018. Effective year built from tax assessor is 2000 however building records indicate house was 1925 and back building 1950. There were significant remodels. Additional improvements from seller in DOCUMENTS.

Last Agent to Sell the Property

Karen Hickman

Pacific Sotheby's Int'l Realty License #01015206 Listed on: 02/17/2022

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Tiffany Hoffman

eXp Realty of California, Inc. License #01976932

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 2000

Lot Details

  • 5,766 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System

Parking

  • Alley Access

Property Views

  • Park or Greenbelt Views

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Pool

  • Pool and Spa
  • Lap Pool

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity, hot water
  • Assessor Parcel Number 453-622-08-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $90,118

Property Details

Home Type

Multi-Family

Year Built

2000

Lot Details

5,766 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Metro Uptown
  • Cross Street: Redwood
  • Neighborhood: North Park / Altadena
  • Supplement: Rental prices: • Front house (2933 Bancroft) - $4,000/month since March 2020 + contribution towards utilities + has AC • Apartment (Upper- 2935 Bancroft B) - $1950/month with new 6 month tenant and includes utilities but no A/C • (Lower apt.- 2935 Bancroft A)- $1,450/month + contribution towards utilities - no A/C. Leaving end of April. Proposed rent $1,600+. Apt remodel (lower unit) - 2018. Effective year built from tax assessor is 2000 however building records indicate house was 1925 and back building 1950. There were significant remodels. Additional improvements from seller in DOCUMENTS.
  • Sale Price List Price: 1.03
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2000

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco, Wood, Wood/Stucco
  • Fencing: Partial
  • Pool: Lap, Private
  • Roof: Composition
  • Spa: Private w/Pool, Yes
  • Spa Heat: Gas
  • View: Greenbelt, Parklike

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Available
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: NORTH PARK
  • Manager Name: Self managed

Schools

  • School District URL: https://www.sandiegounified.org/

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Assessor Parcel Number: 453-622-08-00
  • Estimated Lot Sq Ft: 5766

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity, Hot Water

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 90118
  • Gross Rent Multiplier Actual: 18.15
  • Gross Rent Multiplier Projected: 17.1
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3
  • Other Income Actual: 7860
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2022 04/15/22 Sold $1,850,000 +3.1% $815 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/11/2022 03/11/22 Price Changed $1,795,000 0.0% $791 / Sq Ft
03/11/2022 03/11/22 For Sale $1,795,000 +1.7% $791 / Sq Ft
02/21/2022 02/21/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $1,765,000 -- $778 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,659 $1,963,234 $1,538,751 $424,483
2024 $23,659 $1,924,740 $1,508,580 $416,160
2023 $23,135 $1,887,000 $1,479,000 $408,000
2022 $15,748 $1,286,640 $1,072,201 $214,439
2021 $15,637 $1,261,413 $1,051,178 $210,235
2020 $15,429 $1,248,480 $1,040,400 $208,080
2019 $15,153 $1,224,000 $1,020,000 $204,000
2018 $14,167 $1,200,000 $1,000,000 $200,000
2017 $8,546 $725,000 $394,000 $331,000
2016 $8,283 $700,000 $381,000 $319,000
2015 $7,110 $600,000 $327,000 $273,000
2014 $6,842 $575,000 $314,000 $261,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220003479

San Diego MLS
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