$1,410,000
SOLD MAY 16, 2019
8 Beds
7 Baths
3,631 Sq Ft
6,322 Sq Ft Lot

Recently Sold

$388 Per Sq Ft

6% Below List Price

19 Days on Market

Highlights

  • Partially Fenced Property
  • Level Lot
  • Wood Siding

About This Home

As of March 2022

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.

Last Agent to Sell the Property

Glen Henderson

LPT Realty,Inc License #01384181 Listed on: 03/09/2019

LPT Realty,Inc

Last Buyer's Agent

Luke Gaskins

William L. Gaskins License #01886912

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,322 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Schools

  • San Diego Unified School District High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas/propane
  • Assessor Parcel Number 439-391-04-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $77,970

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Adams Avenue
  • Neighborhood: Normal Heights
  • Supplement: 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.
  • LP / Sq Ft: 14.4
  • Stories: 2 Story
  • Sale Price List Price: 0.94
  • Total Stories: 2
  • Year Built: 1970
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco, Wood, Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: NORMAL HEIGHTS

Schools

  • School District URL: https://www.sandiegounified.org/
  • High School: San Diego Unified School District

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Curbs, Sidewalks, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 439-391-04-00
  • Estimated Lot Dimensions: 50x126
  • Estimated Lot Sq Ft: 6322
  • Water District URL: http://www.ci.san-diego.ca.us/water
  • Estimated Number of Acres: 0.15
  • Map Code Column: E
  • Map Code Page: 1269
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 77970
  • Annual Expense Actual: 3870
  • Annual Expense Projected: 3870
  • Gross Rent Multiplier Actual: 18.3
  • Gross Rent Multiplier Projected: 13.9
  • Gross Sched Income Actual: 81840
  • Gross Sched Income Projected: 108000
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Fireplaces: 3
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4
  • Percent Owner Occupancy: 75.0

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Range of Values:

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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 Change Sq Ft Price
03/23/2022 03/23/22 Sold $2,095,000 0.0% $566 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $2,095,000 +48.6% $566 / Sq Ft
05/16/2019 05/16/19 Sold $1,410,000 -6.0% $388 / Sq Ft
03/29/2019 03/29/19 Pending -- -- --
03/09/2019 03/09/19 For Sale $1,499,900 -- $413 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 190012855

San Diego MLS

APN: 439-391-04-00