520 Bancroft Ave - Apartments FOR SALE


San Leandro, CA 94577- Sheffield Village
$1,675,000 USD
510-454-9708
520 Bancroft Ave, San Leandro, CA for Sale
$1,675,000 USD
Apartments - FOR SALE
1/9
null | 5.18% Cap Rate

520 Bancroft Ave
San Leandro, CA 94577
Sheffield Village


HIGHLIGHTS

  • Spacious two-bedroom units (averaging 1,061 sf)
  • Significant upside potential through interior renovations upon unit turnover
  • One block to Bancroft Ave / Dutton Ave (Safeway, Zocalo Coffee, award-winning Paradiso)
  • Market GRM: 9.32 / Market Cap Rate: 7.54%
  • Convenient access to Interstates 580 & 880 as well as Downtown San Leandro BART
  • Well-maintained multifamily asset with stable operations & attractive curb appeal

OVERVIEW

520 Bancroft is a 6-unit multifamily property located on Bancroft near the intersection of Bancroft and Estudillo. 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. • Well-maintained asset with stable operations and attractive curb appeal • Spacious two-bedroom units averaging 1,061 square feet • Great location adjacent to Estudillo Estates • 1 block walk to Safeway, Zocalo Coffee and award-winning Paradiso • Convenient access to Interstates 580 & 880 as well as San Leandro BART

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

6

PRICE/UNIT

$279,167

CAP RATE

5.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1949

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,015 SF

ZONING

-

APN/PARCEL ID

076-0296-036-00

ASK ABOUT THIS PROPERTY

Joseph OwensMarcus & MillichapMore Info
510-454-9708

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Joseph OwensMarcus & MillichapMore Info
510-454-9708

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