1991 Bancroft Ave 6 Unit Apartment Building $3,499,000 ($583,167/Unit) 5.81% Cap Rate San Leandro, CA 94577

Outstanding six-unit mixed-use investment opportunity in a desirable Downtown San Leandro location. This fully occupied property features a diversified income stream with five residential units and one ground-floor commercial space. The residential mix includes three 2-bedroom/1-bath apartments, one 4-bedroom/2-bath unit, and a detached 3-bedroom/2-bath single-family residence fronting 584 Warren Avenue. The commercial space is occupied by an established business. Additional features include assigned off-street parking, coin-operated laundry, work shop and garage, separately metered tenant gas and electricity, and a prominent corner location. Conveniently situated near Downtown San Leandro, BART, shopping, dining, and major transportation routes. An excellent opportunity to acquire a strong-performing East Bay asset with residential and commercial income. Roof replacement 2024, some units remodeled and or upgraded.Current scheduled rents total $22,250 per month, plus approximately $150 per month in laundry income, approx $268,800 in total annual gross income. Wonderful 5.81% cap rate based on current reported operations and a 13.11 GRM. Estimated buyer-adjusted cap rate is approximately 5.47% using projected reassessed property taxes. (Property management not included, currently self-managed). *****No inspections offered by seller, please do not disturb tenants or walk on to property.