Realkey.ai
RealKey
‪(213) 433-7766‬

2920 Bancroft Street, San Diego, California 92104, San Diego, 92104 - 7 bed, 6 bath

2920 Bancroft Street, San Diego, California 92104 home-pic-0
ACTIVE$2,499,900$3,384/sqft
Est. Value: $2,774,130
10%
BelowEstimate
2920 Bancroft Street, San Diego, California 92104
7Beds
6Baths
3,384Sqft
5,900Lot

Price Vs. Estimate

The estimated value ($2,774,129.8) is $274,229.8 (10%) higher than the list price ($2,499,900). This property may be underpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: McKinley Elementary School (9/10).
Top Cons:
High Initial Investment: The property's list price of nearly $2.5 million represents a substantial financial commitment, which may limit the pool of potential buyers.

Compared to the nearby listings

Price:$2.50M vs avg $1.21M (+$1,289,900)97%
Size:3,384 sqft vs avg 1,290 sqft99%
Price/sqft:$739 vs avg $98412%

More Insights

Built in 1947 (79 years old).
Condition: The property consists of a gorgeously remodeled Spanish home and a newly built modern triplex. Both the main house and the triplex units feature brand new, high-end, and stylish finishes throughout. Kitchens boast modern cabinetry, quartz countertops, new stainless steel appliances, and contemporary fixtures. Bathrooms are equally impressive with modern vanities, patterned tile flooring, and sleek shower designs. All components appear new or virtually new, indicating extensive renovation within the last 5 years for the main house and new construction for the triplex, aligning perfectly with 'excellent' condition criteria.
Year Built
1947
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$739
HOA
-
Days on market
-
Sold On
-
MLS number
IV26002115
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

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!

D
DENIS DOLGINOV
Listing Agent

Nearby schools

9/10
McKinley Elementary School
Public,•K-5•0.1mi
6/10
Jefferson Elementary School
Public,•K-5•0.9mi
4/10
Cherokee Point Elementary School
Public,•K-5•1.1mi
7/10
Rowan Elementary School
Public,•K-5•1.1mi
7/10
Edison Elementary School
Public,•K-5•1.1mi
4/10
Joyner Elementary School
Public,•K-5•1.3mi
8/10
Garfield Elementary School
Public,•K-5•1.7mi
5/10
Adams Elementary School
Public,•K-5•1.8mi
8/10
Birney Elementary School
Public,•K-5•1.9mi
4/10
Golden Hill K-8
Public,•K-8•1.2mi
5/10
Roosevelt International Middle School
Public,•6-8•1.4mi
4/10
Wilson Middle School
Public,•6-8•1.4mi
3/10
Clark Middle School
Public,•6-8•1.4mi
5/10
Hoover High School
Public,•9-12•2.0mi
4/10
Crawford High School
Public,•9-12•3.0mi

Price History

Date
Event
Price
05/07/21
Sold
$1,080,000
Condition Rating
Excellent
The property consists of a gorgeously remodeled Spanish home and a newly built modern triplex. Both the main house and the triplex units feature brand new, high-end, and stylish finishes throughout. Kitchens boast modern cabinetry, quartz countertops, new stainless steel appliances, and contemporary fixtures. Bathrooms are equally impressive with modern vanities, patterned tile flooring, and sleek shower designs. All components appear new or virtually new, indicating extensive renovation within the last 5 years for the main house and new construction for the triplex, aligning perfectly with 'excellent' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: McKinley Elementary School (9/10).
Rare 4-Unit Property & Income Potential: An extremely rare opportunity to acquire a 4-unit property (main house + newly built triplex) offering significant cash flow or multi-generational living options in a highly desirable area.
Prime North Park Location: Situated in one of North Park's most sought-after locations, providing excellent walkability to parks, schools, restaurants, and golf courses, all while being tucked away on a quaint and quiet street.
Blended Charm & Modernization: The main Spanish home is gorgeously remodeled with an open floor plan, successfully preserving original architectural details while integrating modern upgrades for contemporary living.
New Construction Triplex: The property includes a newly built, modern triplex featuring quality construction, stylish interior finishes, separate driveways for off-street parking, custom patios, and in-unit washer/dryer closets, enhancing rental appeal.
Exceptional Curb Appeal & Outdoor Spaces: Boasts undeniable curb appeal with a custom oversized driveway, new turf, custom fencing, a private elevated patio for indoor-outdoor living, and desirable city lights views.

Cons

High Initial Investment: The property's list price of nearly $2.5 million represents a substantial financial commitment, which may limit the pool of potential buyers.
Maintenance & Management Complexity: Owning and managing a 4-unit property inherently involves greater maintenance responsibilities and tenant management compared to a single-family residence, requiring more time and effort from the owner.
Potential Lack of Central Air Conditioning: The property description does not explicitly mention central air conditioning for any of the units, which could be a drawback for some buyers or tenants, particularly during warmer periods in San Diego.
Browse Properties by State Browse housing market trends by state