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590 Dutton & 579 Bancroft - San Leandro 2 Retail Properties Offered at $2,500,000 in San Leandro, CA
Investment Highlights
- Prime Corner Location on Bancroft & Dutton Avenues with excellent visibility and dual street access
- Modernized Roof System - Modified bitumen, estimated less than 5 years old, with ongoing maintenance
- Strong Surrounding Development including multifamily, retail, and mixed-use growth in the Downtown Area District
- Transit-Oriented Asset just a few blocks from San Leandro BART and minutes to I-880 & I-580
- Ideal for Owner-User or Investor seeking a well-located, functional office asset with value-add potential
- Zoned DA-4 (Downtown Area District) allowing office and mixed-use flexibility
Executive Summary
Pro forma cap rate of ±5.45% based on achievable market rents of $4.00/SF NNN for the ±3,498 SF main building at 590 Dutton and rent normalization at the ±578 SF Bancroft retail suite. Current Bancroft rent of $1,000/mo has upside to ±$1,734/mo based on $3.00/SF NNN market rates. Combined pro forma NOI of ±$136,249 supports the offering price with additional value-add potential through tenant repositioning and light capital improvements. Excellent owner-user or investor opportunity with strong visibility and stable demand in the San Leandro market.
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $2,500,000 | Status | Active |
| Price / SF | $613.35 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5.45% | Total Building Size | 4,076 SF |
| Sale Type | Investment | Total Land Area | 0.32 AC |
| Price | $2,500,000 |
| Price / SF | $613.35 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5.45% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,076 SF |
| Total Land Area | 0.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 590 Dutton Ave, San Leandro, CA 94577 | Retail | 3,498 SF | 1928 | - |
| 579 Bancroft Ave, San Leandro, CA 94577 | Retail | 578 SF | 1928 | - |
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Bay East Legacy & Assoc.
590 Dutton & 579 Bancroft - San Leandro
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