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    1991 Bancroft Ave

    San Leandro, CA 94577
    • $2,495,000
    • STATUS: Active
    • ON SITE: 149 days
    • ID#: EB40924234
    UPDATED: 235 min ago
    $2,495,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    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. All information and images should be independently reviewed and verified for accuracy.

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    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-03-05T23:48:48.34. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
    www.dominicnicoli.com/homes/110799540
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    1991 Bancroft Ave San Leandro, CA 94577

    • Price: $2,495,000
    • Status: Active
    • Updated: 235 min ago
    • ID#: EB40924234
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1955
    Built
    Neighborhood:
    San Leandro
    County:
    Alameda
    Area:
    San Leandro
    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. All information and images should be independently reviewed and verified for accuracy.
    Exterior Features

    Building Type Apartment Complex2 Houses On Lot Exterior Brick VeneerStuccoWood Frame Lot Location Corner Roof CompositionTar And Gravel Units In Complex Max 6

    Interior Features

    Baths Unit1 1.00 Baths Unit2 2.00 Baths Unit3 1.00 Baths Unit4 0.00 Beds Unit1 2 Beds Unit2 3 Beds Unit3 2 Beds Unit4 0 Cooling Ceiling Fan Flooring VinylCarpet - Wall To Wall Heating Wall Furnace Laundry DryerWasherLaundry Facility - Coin-OpCommunity Facility Sq Ft Unit1 1150 Sq Ft Unit2 1664 Sq Ft Unit3 1000 Sq Ft Unit4 2758 Structure Sq Ft 8824

    Property Features

    Additional Listing Info Not Applicable Amenities None City Name San Leandro Cross Street Warren Avenue Hoa Amenities None Lot Size Area Maximum 7500.00 Meters Separate ElectricSeparate Gas Rent Unit1 2008 Rent Unit2 2575 Rent Unit3 2050 Rent Unit4 3500 Sewer Septic Sewer - Public Water Heater - GasPublic

    © 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Joseph Owens of Marcus & Millichap.


    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-03-05T23:48:48.34. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
     
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