425 Bancroft St, San Diego, CA 92102

Property Description

Lots of potential with this corner lot home that sits on two parcels with 2 APN#'s that total 9,410 Sqft. $25K spent on fresh paint on all doors, ceilings ,and walls inside. New exterior paint as well with new landscaping done in the front. Minor cosmetic needed in the kitchen, bathrooms and flooring. There is a whole 1/2 city block to park cars or build units . On the L side of the house there is a private driveway with a gate to park 1 car on as well. The Zone is RM-1-1, you can easily add a duplex utilizing the ADU regulation off J Street. You also have the ability to add a 4th unit, but it would need to be constructed over the existing home. If you constructed an ADU over the existing house and a detached duplex along J Street this would provide a total of 4 rentable units, however, 1 of the new ADU's within the detached duplex would need to be an Affordable ADU for 15-years. If you left the existing home alone and only added an ADU duplex along J Street all 3 units would be market rate units.