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2920 Bancroft Street

D

San Diego, CA 92104

$2,499,900
NEW — 0d

Soft Appraisal Value: $2,434,600 · 2.7% above estimate

Beds

7

Baths

6

Sqft

3,384

Year Built

1947

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

IV26099803

This property is in San Diego (92104). View neighborhood stats →

About This Property

Introducing 2920 Bancroft Street, an extremely rare opportunity to purchase a beautiful 4 unit property in one of the most desirable locations in North Park. Thoughtfully designed, this property features a gorgeously remodeled Spanish home (3BD/2BA) with a newly built modern triplex in the back (2BD/2BA upstairs and 2 x 1BD/1BA downstairs). With 3,384 sqft of living space, this is your chance to get your own family compound or a serious cash flowing property. Pulling up to the home, you are welcomed by an undeniably stunning curb appeal featuring a custom oversized driveway, new turf, custom fencing and your private elevated patio offering indoor-outdoor living. Upon entering the front door, the magic continues. Envisioned around the art of entertaining, you will be greeted by an open floor-plan concept that flows effortlessly from one to the next. While fully modernized to perfection, you will be pleased to find original architectural details preserved, displaying the true magnificence of this property. In the back, a stunning triplex awaits demonstrating modern build quality. Featuring another driveway for off-street parking, custom patios for each unit, washer/dryer closets and stylish interior finishes. Located walking distance to parks, schools, restaurants, golf courses and more yet tucked away in a quaint and quiet street. This is an opportunity you do not want to miss!

Mortgage Calculator

Est. Monthly Payment

$15,870

Principal & Interest$12,641
Property Tax$2,500
Insurance$729
%($499,980)
%

Location

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Comparable Properties

1 comp found

This Property

$5,389

vs

Comp Average

$5,005

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$5,389
Monthly Cashflow

Rent − PITIA

$-10,481
Full Cashflow

Incl. vacancy, PM, maint, capex

$-13,803

Mortgage (P+I)
$12,641
Cap Rate
-0.56%
Cash-on-Cash
-33.13%
DSCR

Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$23,316

NOI (Annual)
$-13,951
Price-to-Rent

Lower = better for investors

38.7

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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