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1991 Bancroft Ave
San Leandro, CA 94577
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Diverse Unit Mix Consisting of Four Apartments, One Single-Family Residence, and One Commercial Studio
- Dance studio is 2,758 square feet and is a long term lease with a scheduled increase for June 2022 that will increase the annual revenue by $13,200
- Scheduled increases on commercial space allow buyer to achieve significant revenue increase within 18 months
- Attractive Corner Lot with off street carport parking
- Market Cap Rate: 6.40% / Market GRM: 11.86
- Within 1 mile of San Leandro BART station and the San Leandro Tech Campus
Property Facts
| No. Units | 6 | Building Size | 8,824 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | RM-1800 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,824 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RM-1800 |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Dining Room
- Family Room
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,395 | - |
| 3+2 | 1 | $2,795 | - |
| Studios | 1 | $5,350 | - |
Property Taxes
| Parcel Number | 077-0572-002-01 | Improvements Assessment | $2,001,935 |
| Land Assessment | $649,452 | Total Assessment | $2,651,387 |
Property Taxes
Parcel Number
077-0572-002-01
Land Assessment
$649,452
Improvements Assessment
$2,001,935
Total Assessment
$2,651,387
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