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3388 Bancroft Street, San Diego, California 92104, San Diego, 92104 - 4 bed, 4 bath

3388 Bancroft Street, San Diego, California 92104 home-pic-0
ACTIVE$2,699,000
3388 Bancroft Street, San Diego, California 92104
4Beds
4Baths
2,564Sqft
4,361Lot

Price Vs. Estimate

The estimated value ($2,364,299.465) is $334,700.535 (12%) lower than the list price ($2,699,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating ADU: The property includes a profitable Accessory Dwelling Unit (ADU) generating approximately $30,000 in verifiable annual income, offering a significant financial benefit and investment opportunity.
Top Cons:
Age of Original Structure: Despite extensive renovations, the main house was built in 1923, which may raise concerns for some buyers regarding the long-term maintenance or historical structural elements not explicitly covered by the updates.

Compared to the nearby listings

Price:$2.70M vs avg $1.20M (+$1,503,600)99%
Size:2,564 sqft vs avg 1,265 sqft97%
Price/sqft:$1.1K vs avg $98856%

More Insights

Built in 1923 (102 years old).
Condition: Despite being built in 1923, this property has undergone an extensive, high-quality, and recent renovation, as detailed in the description. The 'award-winning kitchen' features top-of-the-line Bosch, Viking, Fisher Paykel, and Jennair appliances, spectacular marble countertops, and modern cabinetry. All bathrooms are new, with the primary boasting a steam shower, heated floors, and a jetted tub, indicating luxurious and contemporary finishes. The entire house has been updated, including new electrical, plumbing, windows, doors, and a new roof, along with modern amenities like owned solar, a level 2 car charger, and wifi outlets. The images confirm a pristine, modern aesthetic with hardwood floors, new carpets, recessed lighting, and high-end fixtures throughout. This property meets all criteria for an 'excellent' rating, being virtually new in its current state with no deferred maintenance.
Year Built
1923
Close
-
List price
$2.7M
Original List price
$2.75M
Price/Sqft
$1,053
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2504979
Home ConditionExcellent
Features
Good View: City Lights
Deck
Patio
ViewCity Lights

About this home

This elegant 2 on 1 property, with a profitable ADU, has been transformed into a North Park masterpiece. The eye for impeccable craftsmanship and stunning upgrades comes with full permitting and city approvals...done by the seller who had no intention to ever sell. There's a cozy and private ADU above the garage with approx $30K of verifiable annual income. Main house is 3-bed/2.5 bath, with an award-winning kitchen boasting spectacular marble countertops, side-by-side Bosch French door ovens, Viking 6-burner gas cooktop, Fisher Paykel dual drawer dishwasher, and Jennair built-in refrigerator. All bathrooms are new, with the Primary featuring a steam shower, heated floors, towel rack and large jetted tub. Every part of this classic house was updated, from windows & doors, to all new electrical and plumbing infrastructure. Upgrades include owned solar, level 2 car charger, wifi outlets throughout, Marvin dual pane windows, water softener system, French doors, Graber power window treatments, new roof on main house and trex decking on outdoor patios & decks. A complete list is available on the MLS listing. The ADU has a separate bedroom, full kitchen and sitting room, and conveys fully furnished & stocked. Walk to everything delicious and fun in North Park, including top rated Alexander's on 30th and nouveau ramen & noodles at Underbelly. This amazing property is a must see!

Nearby schools

9/10
McKinley Elementary School
Public,•K-5•0.3mi
6/10
Jefferson Elementary School
Public,•K-5•0.7mi
7/10
Edison Elementary School
Public,•K-5•0.8mi
4/10
Cherokee Point Elementary School
Public,•K-5•0.8mi
4/10
Joyner Elementary School
Public,•K-5•1.3mi
8/10
Garfield Elementary School
Public,•K-5•1.4mi
7/10
Rowan Elementary School
Public,•K-5•1.4mi
5/10
Adams Elementary School
Public,•K-5•1.5mi
8/10
Birney Elementary School
Public,•K-5•1.7mi
4/10
Wilson Middle School
Public,•6-8•1.1mi
5/10
Roosevelt International Middle School
Public,•6-8•1.3mi
3/10
Clark Middle School
Public,•6-8•1.4mi
4/10
Golden Hill K-8
Public,•K-8•1.5mi
5/10
Hoover High School
Public,•9-12•1.8mi
4/10
Crawford High School
Public,•9-12•2.9mi
Condition Rating
Excellent
Despite being built in 1923, this property has undergone an extensive, high-quality, and recent renovation, as detailed in the description. The 'award-winning kitchen' features top-of-the-line Bosch, Viking, Fisher Paykel, and Jennair appliances, spectacular marble countertops, and modern cabinetry. All bathrooms are new, with the primary boasting a steam shower, heated floors, and a jetted tub, indicating luxurious and contemporary finishes. The entire house has been updated, including new electrical, plumbing, windows, doors, and a new roof, along with modern amenities like owned solar, a level 2 car charger, and wifi outlets. The images confirm a pristine, modern aesthetic with hardwood floors, new carpets, recessed lighting, and high-end fixtures throughout. This property meets all criteria for an 'excellent' rating, being virtually new in its current state with no deferred maintenance.
Pros & Cons

Pros

Income-Generating ADU: The property includes a profitable Accessory Dwelling Unit (ADU) generating approximately $30,000 in verifiable annual income, offering a significant financial benefit and investment opportunity.
Comprehensive & Permitted Renovation: The entire property has undergone an extensive, permitted transformation with impeccable craftsmanship, including new electrical, plumbing, windows, doors, and a new roof on the main house, ensuring modern standards and peace of mind.
Gourmet Chef's Kitchen: Features an award-winning kitchen equipped with high-end appliances such as Bosch French door ovens, a Viking 6-burner gas cooktop, Fisher Paykel dishwasher, Jennair refrigerator, and spectacular marble countertops.
Luxury Primary Bathroom: The primary bathroom offers a spa-like experience with a steam shower, heated floors, a heated towel rack, and a large jetted tub.
Modern Amenities & Energy Efficiency: Equipped with owned solar panels, a Level 2 car charger, wifi outlets throughout, Marvin dual-pane windows, a water softener system, and Graber power window treatments, enhancing comfort and reducing utility costs.

Cons

Age of Original Structure: Despite extensive renovations, the main house was built in 1923, which may raise concerns for some buyers regarding the long-term maintenance or historical structural elements not explicitly covered by the updates.
Limited Outdoor Space: With a lot size of 4361 sqft accommodating two units, the outdoor living areas may be relatively constrained, potentially limiting space for extensive landscaping or recreational activities.
Absence of Central Air Conditioning: The detailed list of upgrades does not mention a central cooling system, which could be a drawback for a luxury property in San Diego, especially during warmer months.

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