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San Leandro, CA, 94577 • Downtown • Alameda County
$299/sqft
11Beds
7Baths
8,872Sqft
0.17 acLot
1958Built
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1749 days on market
Established listing
$299/sqft
Price per square foot
Multi Family · Built 1958
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.
Based on current rates
Est. 6.32% rate · 30yr fixed · $2,121,110 loan
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3 schools rated nearby
San Leandro, CA, 94577
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25 years of records
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San Leandro, CA • Alameda County
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