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1991 Bancroft Ave

San Leandro, CA 94577

$2,650,000

  • 5 - 15 Units
  • Active
  • 8,824 SqFt
  • MLS# 488717

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Built in 1955, this 8,824 sf asset consists of 2 buildings, 1 detached 2-bed, 1-bath SFR and a 5-unit mixed-use building that features a unit mix of 3 large 2-bed, 1-bath units, 1 large 3-bed, 2-bath unit and a large 2,758 sf commercial unit that has been built out as a dance studio. The property also includes 6 covered carport parking spots, 4 uncovered spaces, a 2-car garage, 4 storage lockers & a large storage space that is currently used for owner storage. The commercial space provides the future owner the rare opportunity to renovate and/or potentially convert the space into residential units as the current zoning allows for up to 7.92 market rate units. With in-place rents that are approximately 18% below market rate, there is potential to increase the net operating income of the property by more than 40% by stabilizing the asset.

Location

Cross Street:

Warren Ave

City:

San Leandro

County:

Alameda

Housing Units & Financial Information

Interior Features

Exterior Features

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About San Leandro

Photo of San Leandro - Photo 1

Downtown [Photo by: mike3k, flickr]

Photo of San Leandro - Photo 2

San Leandro Marina [Photo by:piagphotography, flickr]

Photo of San Leandro - Photo 3

Historic Casa Peralta [Photo by: pixieclipx]

Photo of San Leandro - Photo 4

San Leandro Oyster Bay [ Photo by: Annalynn, Wikimedia]

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The San Leandro Marina is set in the ideal location, perfect for a morning walk or a picnic on the waterfront. Moderate temperatures allow for outdoor activities year round such as golfing in one of San Leandro's two golf courses or simply spending the day at the park.

Although discovered in 1770, it was San Leandro's delectable cherries that put it on the map by early 1900. The San Leandro community continues to celebrate its annual Cherry Festival today. 

More About San Leandro

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Listing Agent:

Keith Manson

Listing Brokerage:

Cbre

© 2019 San Francisco Association of Realtors. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective consumers interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

This data is up-to-date as of 12/05/19. For the most current information, contact
McGuire Client Care at 800-473-7858 or clientcare@mcguire.com.

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