8-Unit Apartment Building with Gated
For Sale
$2,895,000
4629 Bancroft Street, San Diego, CA 92116
Secured gated property with six fully renovated units, updated roof, and renovated laundry room.
Days on Market49
Property Features for 4629 Bancroft Street
General Information
Standard status
Active
Total Parking Spaces
9
Property subtype
Commercial
Additional Details
Multifamily Units
8
Amenities
granite countertops
new kitchen and bath cabinets
new tile showers
stainless steel appliances
wood laminate floors
dual pane windows
secured gated access
owned cashless laundry room
zero scape landscaping
Listing Agency:
South Coast Commercial,Inc.
Listed By:
Mark Morgan
(714) 731-3777
Source:
Sevengables
Added: Jun 13
Changed: Jul 30
Last Checked: Jul 31 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of South Coast Commercial,Inc.
Investment Insights
Based on property information with market context.
This 8-unit apartment building at 4629 Bancroft Street includes secured gated access and a renovated tenant experience across most of the property. Six of the eight units have been fully renovated with granite countertops, new kitchen and bath cabinets, new tile showers, stainless steel refrigerators, dishwashers, microwaves and stoves, wood laminate floors, and dual pane windows. The owned cashless laundry room has also been renovated. Two additional units were not renovated but are described as being in great condition and also feature wood laminate flooring.
On-site improvements include two 2-car garages, five open parking spaces, a new main electric panel, a roof replaced in 2016 (50-year roof), new exterior paint in 2023, and a completed balcony inspection in 2025. Building systems updates include re-piping in 2015 and tenting for termites in 2021.
Current rents are described as 12% to 15% below market rates. There is also an option to convert the two double garages into Accessory Dwelling Units (ADUs) or charge tenants for garage usage to further maximize returns.
On-site improvements include two 2-car garages, five open parking spaces, a new main electric panel, a roof replaced in 2016 (50-year roof), new exterior paint in 2023, and a completed balcony inspection in 2025. Building systems updates include re-piping in 2015 and tenting for termites in 2021.
Current rents are described as 12% to 15% below market rates. There is also an option to convert the two double garages into Accessory Dwelling Units (ADUs) or charge tenants for garage usage to further maximize returns.
Key Highlights
- Six of eight units fully renovated with granite countertops, new cabinets, tile showers, and dual pane windows
- Secured gated access plus owned cashless laundry room, also renovated
- Two 2‑car garages and five open parking spaces
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 92116, CA
31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Secured gated property with six fully renovated units, updated roof, and renovated laundry room.
Where is this apartment building located?
The property is located at 4629 Bancroft Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Six of eight units fully renovated with granite countertops, new cabinets, tile showers, and dual pane windows; Secured gated access plus owned cashless laundry room, also renovated; Two 2‑car garages and five open parking spaces
