Renovated 9-Unit Apartment
4674 Bancroft Street San Diego, CA 92116
For Sale
$2,495,000
Renovated 2017 9-unit property with onsite laundry, security cameras and gates, plus 9 parking spaces.
Property Size4,292 SF
Price / SF$581.31
Days on Market100
Property Features for 4674 Bancroft Street
General Information
- Standard status
- Active
- Size
- 4,292 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing Agency:
Home Base Properties
(619) 920-4907
Listed By:
Sebastian White · License #01772860
(619) 920-4907
Source:
Compass
Added: Apr 15
Changed: Jul 21
Last Checked: Jul 23 at 8:43AM
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 Home Base Properties
Investment Insights
Based on property information with market context.
This 9-unit apartment building at 4674 Bancroft Street was completely renovated exteriorly and interiorly in 2017. The property consists of nine one-bedroom, one-bath units. Additional improvements and ongoing upkeep include an onsite laundry room with owned, coin-operated washer and dryer units, a full-coverage security camera monitoring system, and security gates. A licensed HVAC company recently completed heating inspections for all units, and the building is SB721 certified. A termite inspection is available upon accepted offer.
Onsite parking is available for residents and visitors, with nine parking spaces included on the property.
The building is designed as a compact, repeatable one-bedroom configuration and has been meticulously maintained by the current owners.
Onsite parking is available for residents and visitors, with nine parking spaces included on the property.
The building is designed as a compact, repeatable one-bedroom configuration and has been meticulously maintained by the current owners.
Key Highlights
- Complete exterior and interior renovation completed in 2017 for a 9‑unit apartment property
- 9 units, all one bedroom and one bath
- Onsite laundry room with owned coin‑operated washer and dryer
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.5k | $31.80 |
| − Vacancy | −$7.5k | −$1.75 |
| EGI | $129.0k | $30.05 |
| − OpEx | −$58.0k | −$13.52 |
| NOI | $70.9k | $16.53 |
4,292 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$886.7K – $1.18M
NOI $70,938 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.70M
$1.48M – $1.98M
NOI $118,665 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Renovated 2017 9-unit property with onsite laundry, security cameras and gates, plus 9 parking spaces.
Where is this apartment building located?
The property is located at 4674 Bancroft Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Complete exterior and interior renovation completed in 2017 for a 9‑unit apartment property; 9 units, all one bedroom and one bath; Onsite laundry room with owned coin‑operated washer and dryer
