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1888 Bancroft Ave San Leandro, CA 94577

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For Sale
$2,000,000

Updated 5-unit apartment building in San Leandro's Assumption Parish.

Property size:
4,902 SF

Property Features for 1888 Bancroft Ave

General Information

Standard status
Active
Size
4,902 SF

Building Details

Year built
1971
Source: Corcoran

Listing Agent: Janet Cheung

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

San Leandro Multifamily Investment Opportunity

This well-maintained, updated five-unit apartment building is located in the Assumption Parish neighborhood of San Leandro, at the corner of Bancroft and Sybil. The complex is not a soft story building and features carports adjacent to the building. The unit mix includes one 3-bedroom/2-bathroom unit, three 2-bedroom/1-bathroom units, and one 1-bedroom/1-bathroom unit. One unit, currently owner-occupied, will be delivered vacant with new, all-electric appliances, available for immediate market-rate rental. Tenants are responsible for all utilities, resulting in low expenses for the owner. A coin-operated laundry facility on-site provides additional income. The property is within walking distance of schools, grocery stores, restaurants, and coffee shops, with multiple public transportation options nearby. The property size is 4902 square feet. This property is suitable for new, seasoned, and 1031 investors.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
San Leandro
County
Alameda
State
California
Longitude
-122.1454708
Latitude
37.7220675

FAQs

What type of property is this?
Apartment building - Updated 5-unit apartment building in San Leandro's Assumption Parish.
Where is this apartment building located?
The property is located at 1888 Bancroft Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: - Five-unit complex in the desirable Assumption Parish neighborhood of San Leandro.; - One unit delivered vacant with **new appliances, ready for immediate market-rate rental.**; - Tenants pay all utilities, resulting in tremendously low expenses for the owner.
More about this property
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