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Six-Unit Apartment Building
New
For Sale
$3,499,000

1991 Bancroft Ave, San Leandro, CA 94577

Fully occupied six-unit building with coin-operated laundry, assigned off-street parking, and a ground-floor commercial space.

Property SizeContact for details
Days on Market6

Property Features for 1991 Bancroft Ave

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1955
Listing Agency: Flat Rate Realty
Listed By: Harry Cordiano · License #01115795
Source: Elliman
Added: Jul 29 Changed: Jul 30 Last Checked: Aug 3 at 4:15AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Flat Rate Realty

Investment Insights

Based on property information with market context.

This fully occupied six-unit mixed-use property includes five residential units and one ground-floor commercial space. The residential mix consists of three 2-bedroom/1-bath apartments, one 4-bedroom/2-bath unit, and a detached 3-bedroom/2-bath single-family residence fronting 584 Warren Avenue. The ground-floor commercial space is occupied by an established business.

Additional amenities and operational features include assigned off-street parking and coin-operated laundry. Tenant utilities are separately metered for gas and electricity, and the property includes a work shop and garage. The building is identified as a prominent corner location.

Built in 1955, the property has had a roof replacement in 2024, with some units remodeled and/or upgraded.

Key Highlights

  • Fully occupied six‑unit mixed‑use property with five residential units and one ground‑floor commercial space
  • Residential mix includes three 2‑bedroom/1‑bath apartments, one 4‑bedroom/2‑bath unit, and a detached 3‑bedroom/2‑bath residence
  • Detached residence fronts 584 Warren Avenue

Property Analytics

Current Use

B*Dazzled Dancers Training Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store Hotel & Motel Clothing & Fashion Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

934
Businesses Nearby

Demographics for 94577, CA

48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied six-unit building with coin-operated laundry, assigned off-street parking, and a ground-floor commercial space.
Where is this apartment building located?
The property is located at 1991 Bancroft Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Fully occupied six‑unit mixed‑use property with five residential units and one ground‑floor commercial space; Residential mix includes three 2‑bedroom/1‑bath apartments, one 4‑bedroom/2‑bath unit, and a detached 3‑bedroom/2‑bath residence; Detached residence fronts 584 Warren Avenue
More about this property
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