1991 Bancroft Ave
San Leandro, CA 94577

  • – beds
  • – baths
  • – sqft
  • 7,500 sqft lot
  • 1955 build
  • on site

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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.

California Regional MLS logo Listed By CRMLS_CA / JOSEPH OWENS / MARCUS & MILLICHAP

Last checked: Checking… • Last updated May 23, 2023 •

MLS# 40924234 —

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Sale history

Date Event Source Price % Change
6/23/21
Sold CRMLS_CA $2,452,000 -1.7%
3/30/21
Pending CRMLS_CA $2,495,000
3/25/21
Relisted CRMLS_CA $2,495,000

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Multifamily Sold on 6/23/2021

$2,452,000

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Listing provided by broker:

JOSEPH OWENS

MARCUS & MILLICHAP

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and MARCUS & MILLICHAP. Based on information from California Regional Multiple Listing Service, Inc. as of 06:34 on Mar 28.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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