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2211 Bancroft St, San Diego, California 92104, San Diego, 92104 - 5 bed, 4 bath

2211 Bancroft St, San Diego, California 92104 home-pic-0
ACTIVE$2,099,000
2211 Bancroft St, San Diego, California 92104
5Beds
4Baths
2,250Sqft
5,000Lot

Price Vs. Estimate

The estimated value ($2,099,000) is $0 (0%) lower than the list price ($2,099,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential: This 3-unit property, including a main house, Jr ADU, and an additional 1-bedroom unit, offers significant rental income opportunities, ideal for owner-occupancy with income offset or full investment, including short-term rentals like Airbnb/VRBO.
Top Cons:
Age of Property: Built in 1918, the property may have older infrastructure (plumbing, electrical, foundation) that could require significant maintenance or unforeseen upgrades not explicitly detailed in the listing.

Compared to the nearby listings

Price:$2.10M vs avg $1.20M (+$903,600)93%
Size:2,250 sqft vs avg 1,265 sqft89%
Price/sqft:$933 vs avg $98137%

More Insights

Built in 1918 (107 years old).
Condition: Despite being built in 1918, this property has undergone an extensive and high-quality renovation, likely within the last 5 years. The main kitchen features modern dark cabinetry, stainless steel appliances, a large island, and recessed lighting, all in pristine condition. The bathrooms showcase contemporary designs with unique tiling (pebble and subway), modern vanities, and updated fixtures. Hardwood floors and recessed lighting are prevalent throughout the main living areas. The property presents as virtually new inside, with no visible deferred maintenance, aligning with the 'extensively renovated recently' criteria for an excellent score.
Year Built
1918
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$933
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2504164
Home ConditionExcellent
Features
Excellent View: Neighborhood, Panoramic
Patio
ViewNeighborhood, Panoramic

About this home

This listing is a 3 unit property with 360 degree Rooftop Deck and located in one of San Diego's Hippest, most sought out neighborhoods. Live in South Park and earn Rental Income as an AirBNB, VRBO in the studio and 1 bedroom units, allowing you to live in one unit and rent out the other two for additional income. The main house boasts 3 bedroom and 2 full bathrooms offering spacious living and luxurious finishes throughout (1313 sq ft). The Jr accessory dwelling unit (ADU) is 525 sq ft with full bathroom and kitchenette, perfect for guests or as a rental unit. Additionally, there is a 1 bedroom above the jr adu, 412 sq ft on the second floor, providing more living space or rental income. One of the highlights of this property is the expansive panoramic rooftop deck, offering breathtaking views of all the surrounding neighborhoods. Imagine entertaining, hosting gatherings or simply relaxing with enjoys the sunsets views. This Greathouse Listing is blocks from the heart of south park culture, popular restaurants, shopping and nightlife and is a walking to Balboa Golf Course, Golden Hill Dog Park, one of hippest neighborhoods in Southern California.

Nearby schools

9/10
McKinley Elementary School
Public,•K-5•0.5mi
4/10
Golden Hill K-8
Public,•K-8•0.7mi
5/10
Roosevelt International Middle School
Public,•6-8•1.6mi
5/10
Hoover High School
Public,•9-12•2.4mi
Condition Rating
Excellent
Despite being built in 1918, this property has undergone an extensive and high-quality renovation, likely within the last 5 years. The main kitchen features modern dark cabinetry, stainless steel appliances, a large island, and recessed lighting, all in pristine condition. The bathrooms showcase contemporary designs with unique tiling (pebble and subway), modern vanities, and updated fixtures. Hardwood floors and recessed lighting are prevalent throughout the main living areas. The property presents as virtually new inside, with no visible deferred maintenance, aligning with the 'extensively renovated recently' criteria for an excellent score.
Pros & Cons

Pros

Exceptional Income Potential: This 3-unit property, including a main house, Jr ADU, and an additional 1-bedroom unit, offers significant rental income opportunities, ideal for owner-occupancy with income offset or full investment, including short-term rentals like Airbnb/VRBO.
Prime South Park Location: Located in one of San Diego's 'hippest' and most sought-after neighborhoods, offering excellent walkability to popular restaurants, shopping, nightlife, Balboa Golf Course, and Golden Hill Dog Park.
Panoramic Rooftop Deck: A unique and expansive 360-degree rooftop deck provides breathtaking panoramic views of the surrounding neighborhoods, significantly enhancing lifestyle, entertainment options, and property value.
Flexible Living Arrangements: The distinct three-unit configuration provides versatile living solutions, suitable for multi-generational families, live-work scenarios, or maximizing rental income while maintaining privacy.
Luxurious Main Unit Finishes: The main 3-bedroom, 2-bathroom house boasts spacious living and luxurious finishes throughout, appealing to discerning tenants or owner-occupants.

Cons

Age of Property: Built in 1918, the property may have older infrastructure (plumbing, electrical, foundation) that could require significant maintenance or unforeseen upgrades not explicitly detailed in the listing.
Potential for Limited Parking: The listing does not specify dedicated parking for three units, which could be a significant challenge and inconvenience for residents and guests in a dense urban neighborhood like South Park.
Unspecified Modern Amenities: While the main unit has luxurious finishes, the description lacks details on modern amenities such as central air conditioning, updated insulation, or energy-efficient systems across all units, which may be expected at this price point.

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