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520 Bancroft Ave 6 Unit Apartment Building $2,312,287 CAD ($385,381 CAD/Unit) 5.18% Cap Rate San Leandro, CA 94577
Investment Highlights
- Spacious two-bedroom units (averaging 1,061 sf)
- One block to Bancroft Ave / Dutton Ave (Safeway, Zocalo Coffee, award-winning Paradiso)
- Convenient access to Interstates 580 & 880 as well as Downtown San Leandro BART
- Significant upside potential through interior renovations upon unit turnover
- Market GRM: 9.32 / Market Cap Rate: 7.54%
- Well-maintained multifamily asset with stable operations & attractive curb appeal
Executive Summary
520 Bancroft is a 6-unit multifamily property located on Bancroft near the intersection of Bancroft and Estudillo. 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.
• Well-maintained asset with stable operations and attractive curb appeal
• Spacious two-bedroom units averaging 1,061 square feet
• Great location adjacent to 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
• Well-maintained asset with stable operations and attractive curb appeal
• Spacious two-bedroom units averaging 1,061 square feet
• Great location adjacent to 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
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,312,287 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $385,381 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.18% | Building Size | 6,798 SF |
| Gross Rent Multiplier | 12.13 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Price | $2,312,287 CAD |
| Price Per Unit | $385,381 CAD |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 12.13 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,798 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1949 |
| Parking Ratio | 0.88/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $3,444 CAD | 1,048 - 1,074 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 076-0296-036-00 | Total Assessment | $1,598,518 CAD (2025) |
| Land Assessment | $461,777 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,136,741 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
076-0296-036-00
Land Assessment
$461,777 CAD (2025)
Improvements Assessment
$1,136,741 CAD (2025)
Total Assessment
$1,598,518 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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