520 Bancroft — Sale in San Leandro, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Leandro, CA 94577
Photos
Investment Figures
- Cap rate
- 5.59%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
520 Bancroft is a 6-unit multifamily property located on Bancroft near the intersection of Bancroft Ave and Dutton Ave. 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. Investment Highlights: • Six large two-bedroom, one-bathroom residences averaging approximately 1,061 square feet featuring functional layouts, strong natural light, and favorable floor plans appealing to long-term renters. • In-place rents average approximately $1,918 per month compared to market rents of approximately $2,495 per month, providing clear upside through unit interior renovations upon unit turnover. • Situated one block from the intersection of Bancroft and Dutton in San Leandro, the property is ideally located and walkable to Safeway, Zocalo Coffee, award-winning Paradiso restaurant.
Market Context
This multifamily in San Leandro, CA is listed for sale. It is offered at an approximate 5.6% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Leandro, CA — view the full market.
Contact
- Joe Owens · (510) 454-9708 · joe.owens@marcusmillichap.com
- Steve Jackson · (415) 625-2149 · stephen.jackson@marcusmillichap.com
- Mac Carter · (415) 625-2105 · mac.carter@marcusmillichap.com
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