Address
1991 Bancroft Ave San Leandro, CA
Price
$ 2,525,000
Property Attributes
  • ML#40924234
  • TypeMulti-Family
  • CountyALAMEDA
  • CitySan Leandro
  • AreaSan Leandro
  • Zip94577
  • Style5 or More Units
  • Year Built1955
  • Taxes32924
  • Price$ 2,525,000
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage8824
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
JOSEPH OWENS with MARCUS & MILLICHAP.
Property Description

1991 Bancroft is an impressive six-unit mixed use apartment building in the highly attractive core East Bay market of San Leandro. The property was built in 1958 and consists of two buildings on one 7,500 square foot lot. The main building has 4 apartment units and one 2,758 square foot commercial space while the second building is a two bedroom single family residence. The commercial space was leased earlier this year to a local dance studio who is opening their second location. The dance studio has committed to a long term lease and recently made their own capital improvements to the space for upgraded flooring. The commercial space has scheduled increases of 24% in 2021 and 22% in 2022. This significantly increases the cash flow for a new buyer just in the first 18 months of ownership.

Price History
10/7/2020 Listed $2,525,000

General Features

Age 65
Laundry Coin Operated, Community Facility

Exterior Features

Apx Lot Sq Ft 7500
Lot Size Area 0.17

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 94577

Price
AVG $2.16M
$2.53M
Taxes
AVG $21,636
$32,924
Visits
AVG 37
11
Year Built
AVG 1959
1955
Walkscore
AVG 89
87
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.