Multifamily
520 Bancroft
520 Bancroft Ave, San Leandro, CA 94577
Listing Price: $1,675,000
Investment Overview
520 Bancroft is a 6-unit multifamily property located on Bancroft near the intersection of Bancroft Ave and Dutton Ave. Originally built in 1949, the structure is three stories of wood frame and stucco construction and an internal stairway. All of the units are spacious two-bedroom units and there are only two units per floor. The property includes a spacious driveway and carport parking for each unit. There is a community laundry room on the first floor as well as a rooftop antenna that provide additional income.
520 Bancroft
Investment Highlights
- Six large two-bedroom, one-bathroom residences averaging approximately 1,061 square feet featuring functional layouts, strong natural light, and favorable floor plans appealing to long-term renters.
- In-place rents average approximately $1,918 per month compared to market rents of approximately $2,495 per month, providing clear upside through unit interior renovations upon unit turnover.
- Situated one block from the intersection of Bancroft and Dutton in San Leandro, the property is ideally located and walkable to Safeway, Zocalo Coffee, award-winning Paradiso restaurant.
Exclusively Listed By
Listing Price: $1,675,000
Investment Highlights
- Six large two-bedroom, one-bathroom residences averaging approximately 1,061 square feet featuring functional layouts, strong natural light, and favorable floor plans appealing to long-term renters.
- In-place rents average approximately $1,918 per month compared to market rents of approximately $2,495 per month, providing clear upside through unit interior renovations upon unit turnover.
- Situated one block from the intersection of Bancroft and Dutton in San Leandro, the property is ideally located and walkable to Safeway, Zocalo Coffee, award-winning Paradiso restaurant.
Investment Overview
520 Bancroft is a 6-unit multifamily property located on Bancroft near the intersection of Bancroft Ave and Dutton Ave. Originally built in 1949, the structure is three stories of wood frame and stucco construction and an internal stairway. All of the units are spacious two-bedroom units and there are only two units per floor. The property includes a spacious driveway and carport parking for each unit. There is a community laundry room on the first floor as well as a rooftop antenna that provide additional income.
Exclusively Listed By
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