Investment Overview

Marcus & Millichap is pleased to present 4616 Bancroft Street located in San Diego, California. Originally built in 1972, the 8-unit apartment complex is located in the highly desirable neighborhood of Normal Heights and boasts a Walk Score of 92. The complex rests on a 5,971 square foot lot and has approximately 5,450 in rentable square feet. The unit mix consists of (1) two bedroom / two bathroom unit, (2) two bedroom / one bathroom units, and (5) one bedroom / one bathroom units. The property has recently undergone a full renovation in 2022, with units receiving fresh paint, stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and more. The exterior of the building has also been refreshed with a new sleek and modern look, as well as new fencing and gates. Attractive tenant offerings include gated access, air conditioning, on-site laundry, as well as off-street and garage parking; additionally, select units feature dishwashers and private patio enclosures. Located centrally in Normal Heights, the property is nestled among all the major attractions found along Adams Avenue and enjoys easy access to the 805 freeway. 4616 Bancroft Street ultimately presents the rare opportunity to acquire a premier turnkey asset in the heart of Normal Heights.