3388 Bancroft Street, San Diego, California 92104, San Diego, 92104 - 4 bed, 4 bath
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3388 Bancroft Street
San Diego, California 92104
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
2,564Sq Ft
4,361Lot Size
Property Price
LIST PRICE$2,495,000
EST. MARKET VALUE
$2,354,207
5% AboveMARKET VALUE
SUMMARY
This 2-on-1 Craftsman Estate represents a Strong Value Opportunity, listed at $2,495,000—positioned well below the $2,354,208 Fair Market Value by -5%. Featuring a meticulously rebuilt interior with a designer chef’s kitchen and owned solar, this property maintains a Condition Rating of 2. The inclusion of an income-producing ADU generating $40,000+ annually provides significant financial stability. Located near the highly-rated McKinley Elementary, this residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, turnkey North Park lifestyle.
Estimated Market Value
$2,354,207
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3388 Bancroft Street Subject | $2,495,000* List Price | 4 | 4 | 2,564 | $918 | - |
A 3321 32nd St. Sold | $2,100,000 | 4 | 3 | 2,145 | $979 | 0.1 mi |
B 3127 Maple Street Sold | $1,978,000 | 3 | 3 | 1,924 | $1,028 | 0.6 mi |
C 2743 33rd Sold | $1,775,000 | 3 | 2 | 2,358 | $753 | 0.4 mi |
D 2669 San Marcos Sold | $2,225,000 | 3 | 3 | 2,302 | $967 | 0.5 mi |
E 3048 Laurel Street Sold | $2,330,888 | 3 | 3 | 2,316 | $1,006 | 0.6 mi |
F 2335 33rd St Sold | $2,199,900 | 3 | 3 | 2,196 | $1,002 | 0.7 mi |
G 2912 Granada Avenue Sold | $2,100,000 | 4 | 3 | 1,882 | $1,116 | 0.6 mi |
H 3160 Olive Street Sold | $1,945,000 | 3 | 3 | 1,831 | $1,062 | 0.4 mi |
I 3537 Utah St Active | $1,948,800 List Price | 4 | 3 | 1,941 | $1,004 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This 1923 Craftsman has been meticulously reimagined and rebuilt with a high-end renovation likely completed within the last 5 years. The property features a designer chef's kitchen with premium appliances (Viking, Bosch, JennAir), spa-inspired bathrooms with heated floors and steam showers, and fully modernized systems including updated electrical, plumbing, owned solar, and Level 2 EV charging.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: McKinley Elementary School (9/10).
- Significant Income Potential
The property features a thoughtfully designed Accessory Dwelling Unit (ADU) that generates over $40,000 in verifiable annual income, offering a substantial mortgage offset or investment return.
- High-End Modernized Craftsmanship
This 1923 estate has been meticulously rebuilt with premium upgrades, including a designer chef’s kitchen with Viking and Bosch appliances, owned solar, and a spa-inspired primary suite with a steam shower.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With a lot size of 4,361 square feet and two residences on-site, the property offers minimal yard space, which may be a drawback for buyers seeking traditional garden or play areas.
- Secondary School Ratings
While the local elementary school is top-rated, the assigned middle and high schools have significantly lower ratings, which could be a concern for families focused on long-term educational consistency.
About 3388 Bancroft Street
A rare, truly one-of-one North Park Craftsman estate, meticulously reimagined and rebuilt—where historic character meets modern engineering, refined design, and income-producing opportunity. Expanded by approximately 700 sq ft, this exceptional 2-on-1 residence is anchored by an Accessory Dwelling Unit (ADU), thoughtfully designed as a true independent living space, with permitting currently in progress—generating $40,000+ in verifiable annual income. Originally renovated with no intention of ever selling, the level of craftsmanship is immediately evident—a caliber of design rarely seen in Craftsman homes today. Every detail has been carefully curated, blending timeless architecture with modern performance. The designer chef’s kitchen features marble countertops and premium appliances, including Bosch French door ovens, a Viking 6-burner gas cooktop, Fisher & Paykel dishwasher, and JennAir refrigerator. The spa-inspired primary suite offers a steam shower, heated floors, towel rack, and jetted soaking tub. Extensive upgrades include electrical, plumbing, owned solar, Marvin dual-pane windows, Level 2 EV charging, and Trex decking for seamless indoor-outdoor living. Situated in the heart of North Park near Communal Coffee, Modern Times, Underbelly & Alexander's on 30th. A truly exceptional offering—rarely matched and even more rarely replicated.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 4,361 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
McKinley Elementary School
Grades K-5 • 0.3 mi
9/10
Jefferson Elementary School
Grades K-5 • 0.7 mi
6/10
Edison Elementary School
Grades K-5 • 0.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 4.0 | 2.3 |
| Square foot | 2,564 | 1,777.941 |
| Lot Size | 4,361 | 6,474.445 |
| Price | $2.50M | $1.27M |
| Price per sq ft | $973 | $741 |
| Built year | 1923 | 1971 |
| HOA | $0 | $184 |
| Days on market | 105 | 40 |
Pricing History
Listed for Sale
May 27, 2026
$2,495,000
Initial Listing
Sold
May 24, 2013
$637,000
Public Record