3388 Bancroft Street
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3388 Bancroft Street

D

San Diego, CA 92104

$2,495,000
NEW — 1d on market

Beds

4

Baths

3.5

Sqft

2,564

Year Built

1923

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008723SD

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

About This Property

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.

Mortgage Calculator

Est. Monthly Payment

$15,839

Principal & Interest$12,616
Property Tax$2,495
Insurance$728
%($499,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,946
Monthly Cashflow

Rent − PITIA

$-11,893
Full Cashflow

Incl. vacancy, PM, maint, capex

$-14,880

Mortgage (P+I)
$12,616
Cap Rate
-1.09%
Cash-on-Cash
-35.78%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.25
Break-even Rent
$23,270

NOI (Annual)
$-27,165
Price-to-Rent

Lower = better for investors

52.7

* 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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