3927 Bancroft Street, San Diego, California 92104, San Diego, 92104 - 3 bed, 2 bath
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3927 Bancroft Street
San Diego, California 92104
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,250Sq Ft
4,134Lot Size
Property Price
LIST PRICE$1,099,000
EST. MARKET VALUE
$1,108,614
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,099,000—positioned well below the $1,108,614 Fair Market Value by 0.87%. This valuation gap offers $9,614 in Instant Equity. Featuring a Condition Rating of 2 with modern renovations, the home includes a 3-bedroom layout and a converted studio. Situated in a Tier 3 Complete Community with 6.5 FAR, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking development upside in North Park.
Estimated Market Value
$1,108,614
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 |
|---|---|---|---|---|---|---|
★ 3927 Bancroft Street Subject 3 bd · 2 ba · 1,250 sqft · $887 | $1,099,000* List Price | 3 | 2 | 1,250 | $887 | - |
A 4208 34th St Sold 3 bd · 2 ba · 1,118 sqft · $938 · 0.4 mi | $1,049,000 | 3 | 2 | 1,118 | $938 | 0.4 mi |
B 4094 Swift Sold 3 bd · 2 ba · 1,280 sqft · $808 · 0.3 mi | $1,034,500 | 3 | 2 | 1,280 | $808 | 0.3 mi |
C 3594 31st Street Sold 2 bd · 2 ba · 1,255 sqft · $1,052 · 0.4 mi | $1,320,000 | 2 | 2 | 1,255 | $1,052 | 0.4 mi |
D 4051 34th Sold 3 bd · 2 ba · 1,421 sqft · $694 · 0.2 mi | $986,150 | 3 | 2 | 1,421 | $694 | 0.2 mi |
E 4214 33rd Street Sold 2 bd · 1 ba · 1,032 sqft · $930 · 0.3 mi | $960,000 | 2 | 1 | 1,032 | $930 | 0.3 mi |
F 3963 33rd Street Sold 2 bd · 1 ba · 768 sqft · $1,029 · 0.1 mi | $790,000 | 2 | 1 | 768 | $1,029 | 0.1 mi |
G 4103 Wabash Avenue Sold 2 bd · 1 ba · 836 sqft · $1,135 · 0.2 mi | $949,000 | 2 | 1 | 836 | $1,135 | 0.2 mi |
H 3121 Boundary Sold 2 bd · 2 ba · 1,140 sqft · $965 · 0.8 mi | $1,100,000 | 2 | 2 | 1,140 | $965 | 0.8 mi |
I 3381 Bancroft Street Pending 2 bd · 2 ba · 1,117 sqft · $1,030 · 0.6 mi | $1,150,000 List Price | 2 | 2 | 1,117 | $1,030 | 0.6 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.
Despite the 1935 build date, the property has undergone a comprehensive modern renovation within the last 5 years. The interior features a high-end kitchen with marble countertops and herringbone tile, updated bathrooms with contemporary fixtures and wainscoting, refinished hardwood floors, and upgraded systems including recessed lighting and central HVAC.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: McKinley Elementary School (9/10).
- High-Density Development Potential
Situated in a Tier 3 Complete Community with a reported 6.5 FAR, this property offers massive upside for investors and developers looking to maximize residential density in a high-demand zone.
- Prime North Park Location
Located in one of San Diego's most walkable and trendy neighborhoods, the property is close to top-tier dining and entertainment, and falls within the boundaries of highly-rated schools like McKinley Elementary.
CONSRISKS & DEFICIENCIES
- Unpermitted Improvements
The garage conversion into a studio is unpermitted, which may pose challenges for traditional financing, appraisal valuations, and future code compliance requirements.
- Vintage Property Maintenance
With an original build date of 1935, the property likely requires ongoing maintenance or significant capital investment to modernize aging infrastructure and systems.
About 3927 Bancroft Street
Prime Investment & Development Opportunity in San Diego! Located at 3927 Bancroft Street in the desirable North Park neighborhood, this property offers an exceptional combination of comfortable living and exciting development potential. The main residence features 3 bedrooms, 2 bathrooms, and a spacious open-concept floor plan that creates a seamless flow throughout the home. The garage has been converted into an unpermitted studio featuring a kitchenette and bathroom, offering additional flexible-use space. Situated within a Tier 3 Complete Community area with a reported 6.5 FAR, the property presents an attractive opportunity for investors and developers looking to explore its future potential. Whether you're seeking a primary residence, investment property, or redevelopment opportunity, this property offers versatility in one of San Diego's most sought-after urban neighborhoods. Conveniently located near popular restaurants, cafés, shopping, and entertainment, with easy access to surrounding communities and major freeways.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1935
- Lot Size
- 4,134 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Edison Elementary School
Grades K-5 • 0.4 mi
7/10
Jefferson Elementary School
Grades K-5 • 0.5 mi
6/10
Cherokee Point Elementary School
Grades K-5 • 0.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,250 | 1,752.269 |
| Lot Size | 4,134 | 6,446.159 |
| Price | $1.10M | $1.27M |
| Price per sq ft | $879 | $736 |
| Built year | 1935 | 1971 |
| HOA | $0 | $186 |
| Days on market | 10 | 41 |
Pricing History
Listed for Sale
Oct 15, 2026
$1,099,000
Initial Listing
Sold
Oct 15, 2021
$815,000
Public Record
Sold
Feb 11, 2015
$566,000
Public Record
Sold
Apr 11, 2014
$444,000
Public Record
Sold
Dec 2, 2009
$300,000
Public Record