2920 Bancroft Street, San Diego, California 92104, San Diego, 92104 - 7 bed, 6 bath
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San Diego, California 92104
This Strong Value Opportunity is a rare 4-unit Multi-Unit Compound listed at $2,499,900—positioned well below the $2,774,345 Fair Market Value by 9%. This valuation gap offers $274,445 in Instant Equity. Featuring a Mint Condition Rating, the property includes a remodeled Spanish main home and a newly built modern triplex. Located in a prime, walkable North Park neighborhood near the top-rated McKinley Elementary School, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield family compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2920 Bancroft Street Subject | $2,499,900* List Price | 7 | 6 | 3,384 | $820 | - |
A 2475 Capitan Sold | $2,250,000 | 5 | 4 | 2,560 | $879 | 0.3 mi |
B 2911 15 Kalmia St Active | $2,399,000 List Price | 5 | 4 | 2,800 | $857 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a fully remodeled Spanish home and a newly built modern triplex. The interiors boast high-end, contemporary finishes in the kitchens and bathrooms, including quartz countertops, designer tile work, and modern fixtures. With a complete modernization of the original structure and brand-new construction in the rear, the property is in mint condition with no maintenance required.
Elementary School: McKinley Elementary School (9/10).
This rare 4-unit configuration, featuring a remodeled main house and a new triplex, offers exceptional flexibility for either a high-yield investment or a multi-generational family compound.
Situated in the heart of North Park, the property boasts a high walkability factor to local amenities and is just steps away from the top-rated McKinley Elementary School.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3384, other record living area = 1609. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 2.
With four separate units situated on a 5,900 square foot lot, the property may feel crowded, potentially limiting the amount of private, usable yard space for each individual unit.
While the local elementary school is highly rated, the assigned middle and high schools have significantly lower performance scores, which could impact long-term appeal for families with older children.
Introducing 2920 Bancroft Street, an extremely rare opportunity to purchase a beautiful 4 unit property in one of the most desirable locations in North Park. Thoughtfully designed, this property features a gorgeously remodeled Spanish home (3BD/2BA) with a newly built modern triplex in the back (2BD/2BA upstairs and 2 x 1BD/1BA downstairs). With 3,384 sqft of living space, this is your chance to get your own family compound or a serious cash flowing property. Pulling up to the home, you are welcomed by an undeniably stunning curb appeal featuring a custom oversized driveway, new turf, custom fencing and your private elevated patio offering indoor-outdoor living. Upon entering the front door, the magic continues. Envisioned around the art of entertaining, you will be greeted by an open floor-plan concept that flows effortlessly from one to the next. While fully modernized to perfection, you will be pleased to find original architectural details preserved, displaying the true magnificence of this property. In the back, a stunning triplex awaits demonstrating modern build quality. Featuring another driveway for off-street parking, custom patios for each unit, washer/dryer closets and stylish interior finishes. Located walking distance to parks, schools, restaurants, golf courses and more yet tucked away in a quaint and quiet street. This is an opportunity you do not want to miss!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 99% |
| Baths | 6.0 | 2.0 | 99% |
| Square foot | 3,384 | 1,156 | 99% |
| Lot Size | 5,900 | 3,920.4 | 79% |
| Price | $2.50M | $1.15M | 99% |
| Price per sq ft | $739 | $1.0K | 12% |
| Built year | 1947 | 1935 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 123 | 15% |
May 28, 2026
$2,499,900
Initial Listing
May 7, 2021
$1,080,000
Public Record