$1,740,000
$1,700,400
2.3%For more information regarding the value of a property, please contact us for a free consultation.
4754-58 Bancroft Street San Diego, CA 92116
5 Beds
4 Baths
Key Details
Sold Price $1,740,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Normal Heights
MLS Listing ID 230023837
Sold Date 04/18/24
Bedrooms 5
Full Baths 4
Year Built 1926
Lot Dimensions 48x121x49
Property Sub-Type Res Income 2-4 Units
Property Description
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!
Location
State CA
County San Diego
Community Bbq, Gated Community, Laundry Facilities, Spa/Hot Tub
Area Metro Uptown
Direction 805 to Adams Ave. 15 to Adams Ave. North of Adams cross street is Collier. Alley entrance off Collier as well.
Interior
Heating Fireplace, Wall/Gravity
Cooling Wall/Window, Zoned Area(s)
Fireplaces Number 1
Fireplace No
Exterior
Fence Full, Gate
Pool Above Ground, Community/Common
Utilities Available Sewer Available
View Y/N Yes
Water Access Desc Meter on Property,Other/Remarks
View Mountains/Hills
Roof Type Composition,Wood
Building
Story 1
Water Meter on Property, Other/Remarks
Level or Stories 1
Others
HOA Fee Include Cable/TV Services,Exterior (Landscaping),Exterior Bldg Maintenance
Senior Community No
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA
Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA
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Bought with Kevin F Sheedy Kevin Sheedy Realty
Nearby Locations
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Museum
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Chesterton Elementary School
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Fletcher Elementary School
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Birney Elementary School
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Jones Elementary School
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McKinley Elementary School
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Florence Elementary School
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Angier Elementary School
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Garfield Elementary School
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Edison Elementary School
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Jefferson Elementary School
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Cubberley Elementary School
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San Diego Global Vision Academy
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Hancock Elementary School
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Washington Elementary School
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Urban Discovery Academy Charter
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- 6
Wegeforth Elementary School
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Normal Heights Elementary School
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Lewis Middle School
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Mann Middle School
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- 0
Cook Education Center - Tiee
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Academy of Arts and Sciences: del Mar Middle & Hig
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Academy of Arts and Scis: el Cajon Middle and High (6
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Kearny High School of College Connections
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Kearny High School of Science Connections and Technology
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San Diego High School of International Studies
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Kearny High School of Digital Media and Design
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Stanley E. Foster School of Engineering, Innovation and Design
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E3 Civic High School
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Coleman Tech Charter High School
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Health Sciences High School
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San Diego Metro Career and Tech
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San Diego High School of Science and Technology
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Hoover High School
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