425 Bancroft Street, San Diego, California 92102, San Diego, 92102 - 5 bed, 3 bath
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San Diego, California 92102
This Versatile Multi-Generational Residence is listed at $849,000, aligning closely with its $841,243 Fair Market Value. The property boasts a Move-in Ready Condition Rating following extensive renovations, including a modern kitchen and new flooring. A standout feature is the Approved Junior ADU Plans, offering significant rental upside or private guest quarters without permitting delays. With 5 Bedrooms and City Light Views, this home balances immediate comfort with long-term income potential. It is an exceptional opportunity for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a high-yield asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 425 Bancroft Street Subject | $849,000* List Price | 5 | 3 | 1,839 | $448 | - |
A 19 Evans St Active | $849,000 List Price | 4 | 3 | 2,000 | $425 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1970, the property has undergone an extensive recent renovation within the last 5 years. It features a modern kitchen with new shaker cabinets, stone countertops, and stainless steel appliances, along with new flooring, fresh interior paint, recessed lighting, and updated bathrooms. The home is in move-in ready condition with all major interior components meeting current quality standards.
The property includes approved plans for a Junior ADU, providing a significant value-add opportunity for rental income or multi-generational living without the typical permitting delays.
The residence is move-in ready featuring a newly updated kitchen, fresh interior paint, and new flooring throughout, reducing immediate post-purchase capital expenditures.
With 5 bedrooms and 3 bathrooms, the property offers rare space and versatility for the San Diego market, making it ideal for large families or high-yield investment strategies.
The majority of the local schools in the immediate vicinity carry lower performance ratings, which may impact long-term appreciation and appeal to education-focused families.
While plans are approved, realizing the property's full 'upside' requires the buyer to manage and fund the reconfiguration of the existing layout into the main house and JADU.
Spacious, move-in ready, and delivered with Approved Plans for a Junior ADU - 425 Bancroft offers unique versatility and value. The Approved Plans provide an exciting opportunity to reconfigure the existing layout into a 4 bed, 3 bath, ~1,500 sqft main residence with an attached ~350 sqft 1Bed, 1Bath Junior ADU - perfect for multi-generational living, private rental unit, or income-producing investment. Recent upgrades include a sparkling kitchen, fresh interior paint, and new flooring throughout, while the exterior grounds feature new fencing, a covered patio, and off-alley driveway parking. This property delivers great value now and major upside ahead - with multiple options to create your ideal primary home or maximize its income-producing potential.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 84% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 1,839 | 1,312 | 81% |
| Lot Size | 4,978 | 5,256 | 34% |
| Price | $849.0K | $806.0K | 59% |
| Price per sq ft | $462 | $775 | 6% |
| Built year | 1970 | 1954 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 180 | 135 | 78% |
Oct 24, 2025
$849,000
Initial Listing