1991 Bancroft Avenue

    San Leandro, CA 94577
    • $2,650,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: MR40879282
    UPDATED: 10 min ago
    $2,650,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Description

    Built in 1955, this 8,824 sf asset consists of two buildings, one detached 2-bed, 1-bath SFR & a 5-unit mixed-use building that features a unit mix of 3 large 2-bed, 1-bath units, one large 3-bed, 2-bath unit & a large 2,758 sf commercial unit that has been built out as a dance studio. The property also includes 6 covered carport parking spots, 4 uncovered spaces, a 2-car garage, 4 storage lockers and a large storage space that is currently used for owner storage. The commercial space provides the future owner the rare opportunity to renovate and/or potentially convert the space into residential units as the current zoning allows for up to 7.92 market rate units. With in-place rents that are approximately 18% below market rate, there is potential to increase the net operating income of the property by more than 40% by stabilizing the asset.

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    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-11-21T14:49:22.8. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kulda Real Estate Group | Keller Williams Realty.

    Licensed in the State of California.
    www.kuldagroup.com/homes/98211031

    1991 Bancroft Avenue San Leandro, CA 94577

    • Price: $2,650,000
    • Status: Active
    • Updated: 10 min ago
    • ID#: MR40879282
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1955
    Built
    Neighborhood:
    San Leandro
    County:
    Alameda
    Area:
    San Leandro
    Property Description
    Built in 1955, this 8,824 sf asset consists of two buildings, one detached 2-bed, 1-bath SFR & a 5-unit mixed-use building that features a unit mix of 3 large 2-bed, 1-bath units, one large 3-bed, 2-bath unit & a large 2,758 sf commercial unit that has been built out as a dance studio. The property also includes 6 covered carport parking spots, 4 uncovered spaces, a 2-car garage, 4 storage lockers and a large storage space that is currently used for owner storage. The commercial space provides the future owner the rare opportunity to renovate and/or potentially convert the space into residential units as the current zoning allows for up to 7.92 market rate units. With in-place rents that are approximately 18% below market rate, there is potential to increase the net operating income of the property by more than 40% by stabilizing the asset.
    Exterior Features

    Exterior StuccoWood Frame Garage Parking Detached GarageParking AreaSpaces Per Unit - >1Other Lot Location Corner Roof CompositionTar And Gravel Units In Complex Max 6

    Interior Features

    Additional Rooms Basement - Partial Baths Unit1 0.00 Baths Unit2 1.00 Baths Unit3 1.00 Baths Unit4 2.00 Beds Unit1 0 Beds Unit2 2 Beds Unit3 2 Beds Unit4 3 Building Unit Types Detached Cottage(S) Cooling Ceiling FanOther Flooring LinoleumCarpet - PartialTileCarpet - Wall To WallWoodOther Heating Forced AirGasWall Furnace Laundry DryerWasherLaundry Facility - Coin-OpCommunity Facility Max Building Height 3 Min Building Height 1 Sq Ft Unit1 2758 Sq Ft Unit3 1000 Sq Ft Unit4 1664 Structure Sq Ft 8824

    Property Features

    Additional Listing Info Not Applicable Amenities Storage Area(S)Other City Name San Leandro Cross Street Warren Ave Hoa Amenities Other Lot Size Area Maximum 14256.00 Meters Separate ElectricSeparate Gas Rent Unit1 5000 Rent Unit3 1920 Rent Unit4 2426 Sewer Septic Sewer - Public Water Heater - GasPublic

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of Keith Manson of Cbre.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-11-21T14:49:22.8. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kulda Real Estate Group | Keller Williams Realty.

    Licensed in the State of California.
     
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