3388 Bancroft Street, San Diego, California 92104, San Diego, 92104 - 4 bed, 4 bath
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San Diego, California 92104
This Turnkey Craftsman Estate represents a Strong Value Opportunity, listed at $2,495,000—positioned above the $2,347,434 Fair Market Value. While priced at a premium, the property features a Condition Rating of 2, showcasing a meticulous rebuild with a Designer Chef’s Kitchen and an Income-Producing ADU generating $40,000+ annually. Located near the highly-rated McKinley Elementary School, this residence offers a rare blend of historic character and modern engineering. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, high-yield lifestyle property in North Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3388 Bancroft Street Subject | $2,495,000* List Price | 4 | 4 | 2,564 | $916 | - |
A 2475 Capitan Sold | $2,250,000 | 5 | 4 | 2,560 | $879 | 0.6 mi |
B 2669 San Marcos Sold | $2,225,000 | 3 | 3 | 2,302 | $967 | 0.5 mi |
C 2335 33rd St Sold | $2,199,900 | 3 | 3 | 2,196 | $1,002 | 0.7 mi |
D 3160 Olive Street Sold | $1,945,000 | 3 | 3 | 1,831 | $1,062 | 0.4 mi |
E 2912 Granada Avenue Pending | $1,999,990 List Price | 4 | 3 | 1,882 | $1,063 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1923, the property has been meticulously reimagined and rebuilt with a high-end renovation. It 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 upgraded electrical, plumbing, owned solar, and Level 2 EV charging.
Elementary School: McKinley Elementary School (9/10).
The property includes a meticulously designed, independent Accessory Dwelling Unit generating over $40,000 in verifiable annual income, offering a significant financial advantage for the owner.
This rebuilt Craftsman features high-caliber engineering and luxury finishes, including a designer chef’s kitchen with Viking and Bosch appliances, owned solar, and a spa-inspired primary suite with a steam shower.
At 4,361 square feet, the lot is relatively compact for a $2.5M residence, which may restrict outdoor privacy and yard space for buyers seeking a larger traditional estate feel.
While the elementary school is top-rated, the assigned middle and high schools have significantly lower performance ratings, which could be a drawback for families prioritizing long-term educational continuity.
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.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 94% |
| Baths | 4.0 | 2.0 | 99% |
| Square foot | 2,564 | 1,154 | 99% |
| Lot Size | 4,361 | 3,920.4 | 60% |
| Price | $2.50M | $1.14M | 99% |
| Price per sq ft | $973 | $1.0K | 45% |
| Built year | 1923 | 1933 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 119 | 15% |
May 27, 2026
$2,495,000
Initial Listing
May 24, 2013
$637,000
Public Record