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4754-58 Bancroft Street
Sold

4754-58 Bancroft Street

4754-58 Bancroft Street, Normal Heights, CA 92116

$1,740,000
Nesbitt Bungalow Court w/Carriage House; a Developers Dream 1/2 block North of Adams, a unique historic Mills Act ready real estate portfolio add, or first time buyer move in w/supplemental income from 3 rentals w/ 1 as Air BnB (1 unit permitted). Multiple options exist on this lot - value add ADU/parking for an upgrade, Development Upside/Infill Opportunity Zone with SB 10 bonus density (current 5 units to new 10 units or more). Nestled in the super hip Normal Heights corridor between the 805 & 15 fwys, this 5 unit multifamily (individually metered with 4 water & 5 electric) has class and charm. Several 100k remodels completed over the past 18 years by former owners (architects) and current owner (real estate broker). Prestige continues with Mills Act (up to 80% reduction on property taxes), transform the carriage house (ADU w/parking underneath), or do nothing and move in! Recently restored/added: Foundations, Hot tub/Spa, community fire pits, individual unit washer/dryers, new hot water heaters, al fresco dining, fire pits, original hardwoods, redwood roofing/framing, custom milled cabinetry/built ins, craftsman collapsible ironing boards/hanging picture rails, interior fireplaces, covered front patios, large back communal and private side patios with separate entrances & new fences. Historic records show that this property was occupied by many military officers and influential San Diegans from 1920-1960's. Foundations restored 2021, attics/roofs insulation restored 2020, sewer pipe and sidewalks relined 2017, bathrooms and kitchens restored 2021, landscape and more!

5
beds

4
baths

2,022 Sq.Ft. LIVING AREA

10,890 Sq.Ft. lot

Jason Coleman

Jason Coleman

Features & Amenities

Interior

  • total bedrooms5
  • Total bathrooms4
  • full bathrooms4
  • Laundry room Laundry Facilities, Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups, Unit 4 Hookups
  • APPLIANCES Gas Water Heater,Tankless Water Heater, Range/Oven, Refrigerator, Dryer, Washer
  • other interior Features High Speed Internet

Area & Lot

  • Status Sold
  • Living Area2,022 Sq.Ft.
  • Lot Area10,890 Sq.Ft.
  • MLS® ID230023837
  • TypeMulti-Family
  • YEAR BUILT1926
  • NeighborhoodNormal Heights
  • View DescriptionMountains/Hills

Exterior

  • STORIES1
  • Garage Space2.0
  • water SourceMeter on Property, Other
  • utilitiesSewer Available
  • PoolAbove Ground, Community, Electric Heat
  • roofComposition, Wood
  • lot featuresCurbs, Sidewalks
  • parkingGarage, Garage(Assigned, Detached), Non-Garage(Assigned, Tandem)
  • HEAT TYPENatural Gas, Wood, Fireplace(s), Wall/Gravity
  • AIR CONDITIONINGWall/Window Unit(s), Zoned
  • security FeaturesClosed Circuit Camera(s), Gated Community, Other/Remarks, Security

Financial

  • Sales Price$1,740,000

Normal Heights

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