520 BANCROFT AVE, SAN LEANDRO, CA 94577

520 Bancroft at 520 Bancroft Ave, San Leandro, CA 94577 presents a compelling opportunity to acquire a well-maintained six-unit multifamily asset in one of San Leandro’s most walkable and desirable neighborhoods. This attractive three-story property features six spacious 2-bedroom, 1-bath residences averaging approximately 1,061 square feet, with functional layouts, abundant natural light, and strong appeal to long-term renters. Positioned just one block from Bancroft Ave and Dutton Ave, the property is within walking distance of Safeway, Zocalo Coffee, Paradiso, and the charm of Estudillo Estates. Residents also enjoy excellent regional access via Interstate 880, Interstate 580, and nearby San Leandro BART, connecting them to Oakland, San Francisco, Silicon Valley, and Oakland International Airport. The asset benefits from stable operations, 100% occupancy, six covered parking spaces, and additional income from a rooftop antenna. Current in-place rents average approximately $1,918 per month versus projected market rents of $2,495, offering approximately 30.1% potential rental upside and strong NOI growth potential. Combining curb appeal, large unit sizes, and a high-demand East Bay location, 520 Bancroft Avenue is a standout value-add investment opportunity.