1991 Bancroft Ave, San Leandro, CA 94577
1991 Bancroft is a six-unit building located in downtown San Leandro, built in 1958 by the same family that owns the building today. There are five residential units in the building and a 2,758 square foot dance studio. The residential units consist of three two-bed/one-bath units, one three-bed/two-bath unit, and one single family residence with two beds and one bath. The 2,758 square foot dance studio has six years remaining on the current lease and has recently made a significant investment into new flooring for the studio. The studio rent increases by 24 percent in 2021 and 22 percent in 2022, allowing an investor scheduled cash flow growth over the first two years.
1991 Bancroft is a six-unit building located in downtown San Leandro, built in 1958 by the same family that owns the building today. There are five residential units in the building and a 2,758 square foot dance studio. The residential units consist of three two-bed/one-bath units, one three-bed/two-bath unit, and one single family residence with two beds and one bath. The 2,758 square foot dance studio has six years remaining on the current lease and has recently made a significant investment into new flooring for the studio. The studio rent increases by 24 percent in 2021 and 22 percent in 2022, allowing an investor scheduled cash flow growth over the first two years.
