1888 Bancroft Ave - Apartments FOR SALE


San Leandro, CA 94577- Assumption Parish
$2,000,000 USD
510-213-2677
1888 Bancroft Ave, San Leandro, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/13
null | 6.61% Cap Rate

1888 Bancroft Ave
San Leandro, CA 94577
Assumption Parish


HIGHLIGHTS

  • Not a soft story building = better earthquake resistance, saves money on expensive retrofit.
  • Electric stoves, heating, applicances = complies with shift to electric, saves money on expensive energy system work in the future.

OVERVIEW

Looking to invest smarter in San Leandro? This well-kept five-unit property in the highly sought-after Assumption Parish neighborhood might just be what you're looking for! Situated on the corner of Sybil and Bancroft, this gem features a strong unit mix: one spacious 3-bed/2-bath, three 2-bed/1-bath units, and one cozy 1-bed/1-bath. One of the units will be delivered vacant—freshly painted and upgraded with brand new appliances—making it move-in ready or perfect to rent immediately at market rate. Tenants handle their own utilities (electricity, water, gas, and trash), and there's even extra income potential with the coin-operated washer and dryer on site. Location? It doesn’t get better—you're just a short stroll from schools, grocery stores, cafes, and public transportation. Whether you're a first-time investor or looking to expand your portfolio, this is a solid opportunity to own in one of San Leandro's most desirable pockets.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

5

PRICE/UNIT

$400,000

CAP RATE

6.61%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,615 SF

ZONING

-

APN/PARCEL ID

077-0519-010-04

ASK ABOUT THIS PROPERTY

Katrina CartereXp Realty of California, Inc.More Info
510-213-2677

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Katrina CartereXp Realty of California, Inc.More Info
510-213-2677

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.