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    4639 Bancroft St

    San Diego, CA 92116
    • $3,375,000
    • STATUS: ACTIVE
    • ON SITE: 46 days
    • ID#: 200053516
    UPDATED: 217 min ago
    $3,375,000
    • 5
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Pleased to present for sale a renovated 9-unit apartment building in the Normal Heights neighborhood of San Diego. This property rests on over a 6,275 SF lot and has approximately 5,606 rentable SF. 4639 Bancroft St is comprised of (one) 2-bedroom/1-bathroom unit, (two) 2-bedroom/1.5-bathroom units, and (six) 1-bedroom/1-bathroom units. This asset was fully remodeled with quality materials and a modern design concept. The interior was renovated with plank laminate flooring, stainless steel appliances, quartz countertops, and new luxurious kitchens and bathrooms. Each unit includes assigned off-street parking and tenants enjoy access to a community BBQ and coin operated on-site laundry.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.yournextcalihome.com/homes/112480076
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    4639 Bancroft St San Diego, CA 92116

    • Price: $3,375,000
    • Status: ACTIVE
    • Updated: 217 min ago
    • ID#: 200053516
    5
    Beds
    3
    Baths
    1
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Normal Heights (92116)
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    Pleased to present for sale a renovated 9-unit apartment building in the Normal Heights neighborhood of San Diego. This property rests on over a 6,275 SF lot and has approximately 5,606 rentable SF. 4639 Bancroft St is comprised of (one) 2-bedroom/1-bathroom unit, (two) 2-bedroom/1.5-bathroom units, and (six) 1-bedroom/1-bathroom units. This asset was fully remodeled with quality materials and a modern design concept. The interior was renovated with plank laminate flooring, stainless steel appliances, quartz countertops, and new luxurious kitchens and bathrooms. Each unit includes assigned off-street parking and tenants enjoy access to a community BBQ and coin operated on-site laundry.
    Exterior Features

    Parking Spaces Total 9 Units With Garages 3

    Interior Features

    Sq Ft Of Improvement 5606 Stories 2 Story

    Property Features

    Actual Cap Rate 4.0 Actual Gross Scheduled Income 204180.0 Actual Operating Expense 70586 Actual Vacancy And Credit Loss 6125 Assumable Finance 0 Gross Equity 3375000 Gross Multiplier 16.53 Have 9 Units Leased Apartments 9 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 17015 Motive Want To Sell Other Income Actual 7560 Projected Cap Rate 4.41 Projected Gross Operating Inc 219000 Projected Net Income 148686 Projected Operating Expense 71305 Projected Other Income 7560 Projected Vacancy And Credit Loss 6570 Short Sale No Unit Number1 6 Unit Number2 2 Unit Number3 1 Unit Rent Total1 10700 Unit Rent Total2 4220 Unit Rent Total3 2095 Unit Rent1 1783 Unit Rent2 2110 Unit Rent3 2095 Unit Type Apartment

    Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    The Legacy Real Estate Team
    10620 Treena St, Suite 230
    San Diego CA, 92131