1991 Bancroft Ave, San Leandro, CA 94577
$2,495,000 Active Residential Income
Property Details
About this Property
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. All information and images should be independently reviewed and verified for accuracy.
MLS Listing Information
MLS #
EB40924234
MLS Source
MAXEBRDI
Days on Site
148
Interior Features
Appliances
Dryer, Washer
Flooring
Carpet - Wall to Wall, Vinyl
Laundry
Community Facility
Cooling
Ceiling Fan
Heating
Wall Furnace
Exterior Features
Roof
Composition, Tar/Gravel
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Complex Amenities
None
1991 Bancroft Ave is a Residential Income in San Leandro, CA 94577. This 8,824 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,495,000 and was built in 1955. This address can also be written as 1991 Bancroft Ave, San Leandro, CA 94577.
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