Sold
4754 58 Bancroft Street
San Diego CA, 92116
$1,740,000
Sold
Residential
Built in 1926
Listed by Jason Coleman with Coleman Homes Real Estate 619-309-9230
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! Sarai & Paul of Johnson & Johnson Architecture have combined historic guidelines and data for Mills Act Registration to be submitted to the city for approval. Current owner has all findings and remodel/upgrade lists upon request. All bathrooms have new vanities, flooring, toilets, bidets, reglazed iron bathtub/shower combos and windows/vents. Kitchens have new stone and tile, flooring, and original milled custom cabinets/drawers with ironing boards and range ceiling venting, new hot water heaters. Even the old ice boxes (refrigerators) are still in place but have been repurposed for dry goods storage. No nook or stone unturned. Owner has added Italian style lighting on the eaves of the property, colors can be changed for holidays, special events and are on timers. Security cameras on exteriors of individual units patios and common areas (alleys and street included). 2 garage parking/Carriage House spots are currently used as storage.
230023837SD
MLSⓇ ID
December 9, 2023
Listed
April 20, 2024
Updated
Map
4754 58 Bancroft Street
San Diego CA, 92116
Interior Features
Total Stories
1
Appliances
Gas Water Heater, Tankless Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s), Zoned
Heating
Yes
Heating Description
Combination, Natural Gas, Wood
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Drip Irrigation/Bubblers, Sprinkler System
Roof
Composition, Wood
Other Property Details
Area Name
92116 - Normal Heights
Days on Market
98
Garage
No
Parking Total
0
View
Yes
County
San Diego
Water Source
See Remarks
Pool
No
Pool Features
Above Ground, Community, Electric Heat
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
4/20/2024 | Sold | $1,740,000 |
Listing Contact: 619-309-9230
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/20/2024 at 6:07 PM UTC