The property known as the Bancroft Bar and it's adjoining residential unit is on two parcels with the structures straddling both. The bar has been operating since the 1950s and continues to atract a wide array of customers due to its music venue reputation, neighborly vibe and myriad entertainments. The bar business is not owned by the property owner. The actual year built is unknown and the building size is estimated (bar portion 3,000 sf). There are three restrooms, multiple entries/exits and ventilation. The rear residence has a two bedroom/two bath home with window AC and mini splits. Approximately 16 cars park along the side street (Willowside Lane) and in front of the bar. Additional vehicles may be parked inside the rear residence fence. The cap rate is estimated at 5.5% for the scheduled actual income of both tenants. The western side of the property has a county maintained water overflow canal. The site is well located at the base of Casa de Oro near the Hwy 94 and MTS bus route 855.
The income description goes here to explain
| List Price | $1,149,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1952 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5003000400 |
| MLS # | PTP2504943 |
| Property ID | 321947879 |
| Lot Sqft | 12,883 |
| Zoning | General Commercial, C37 |
| Total Units | 2 |
| Days on Market | 169 |
| Original List Price | $1,300,000 |
| Date Updated | October 21, 2025 |
| Date Created | June 30, 2025 |
Financials not available online. Please inquire with your agent for more details.
Mike Habib an agent of Coldwell Banker Realty. Lic #00694258
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 21, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Loading map...
Add to collection
2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT