Address
1991 Bancroft Ave San Leandro, CA
Price
$ 2,525,000
Property Attributes
- ML#40924234
- TypeMulti-Family
- CountyALAMEDA
- CitySan Leandro
- AreaSan Leandro
- Zip94577
- StyleApt Complex
- 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 55+
- 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
Taxes
Visits
Year Built
Walkscore
Bridge MLS© 2021, Bay East© 2021. CCAR© 2021. EBRD© 2021. Information deemed reliable but not guaranteed. This information is being provided by the Bay East MLS or CCAR MLS or EBRD MLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Data Updated: January 26, 2021 3:10 AM UTC
The data on our web site is taken from third-party sources, and has not been verified by Bay East - eXp Realty of California, Inc. CA DRE#01878277 or its
