1991 BANCROFT AVE, SAN LEANDRO CA 94577

  • 7,500 sq.ft. lot
offered at $2,495,000
MLS#:40924234
Status: Pending // Property Type:
County: Alameda // Year Built: 1955

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.

Listing Courtesy of JOSEPH OWENS, MARCUS & MILLICHAP

Interior Features

Heating: Wall Furnace

Exterior Features

Roof: Shingle, Tar/Gravel
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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