2920 Bancroft St

Around 1927 a journeyman carpenter and his team of craftsmen built this jewel. His identity is unknown but an early invoice and the design suggest he was inspired by the coastal castles found in Mediterranean Spain as well as Tuscany. Classic inlays and time specific architectural details are displayed throughout this light and bright home. Original wood floors appear to be in excellent shape hidden from potential years of wear and tear by protective carpet further enhancing the classic appeal. This unique home is eligible for 2 additional ADUs providing tremendous upside to any buyer. Create a family compound or rental income opportunities. Similar A/R homes are selling for approximately $1.4+million. Monthly rental income could exceed $8000 (with the ADUS) and potentially cover all mortgage debt and deliver cashflow. Detailed property reports and purchase guidance are available, co-op agents please inquire with the list agent. An opportunity like this home rarely appears in San Diego. Whether you are excited about the huge potential equity and income opportunities or are simply seeking a great home in a wonderful neighborhood with fantastic proximity to the City, beach, schools, and all that North Park offers, your perfect home has been found! Perhaps you will enjoy it for the next 93 years just like the original owner.