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Listed by Joseph Owens • Marcus & Millichap
$ 1,675,000
Est. payment /mo
New
520 Bancroft Ave San Leandro, CA 94577
6,798 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,798 sqft
Price per Sqft $246
Subdivision Broadmoor
MLS Listing ID 41136084
HOA Y/N No
Year Built 1949
Lot Size 8,000 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
520 Bancroft is a 6-unit multifamily property located on Bancroft near the intersection of Bancroft 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. -Market GRM: 9.32 / Market Cap Rate: 7.54% -Well-maintained asset with stable operations and attractive curb appeal -Spacious two-bedroom units averaging 1,061 square feet -Great location adjacent to Dutton Ave / Estudillo Estates -1 block walk to Safeway, Zocalo Coffee and award-winning Paradiso -Convenient access to Interstates 580 & 880 as well as San Leandro BART
Location
State CA
County Alameda
Interior
Heating Forced Air
Cooling None
Flooring Other
Fireplace No
Laundry Dryer, Laundry Equip - Leased, Washer
Building
Lot Description Rectangular Lot, Landscaped
Water Public
Others
Special Listing Condition Standard
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