1550 1550 Bancroft Ave 112, San Leandro, California 94577, San Leandro, 94577 - 2 bed, 2 bath
1550 1550 Bancroft Ave 112
San Leandro, California 94577
Property Price
SUMMARY
Analysis of 1550 1550 Bancroft Ave 112, San Leandro, California 94577 is currently available with a list price of $459,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Leandro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property shows a mix of recent cosmetic updates and deferred maintenance. While the kitchen features modern grey shaker-style cabinetry and the main living areas have updated laminate flooring, the listing explicitly states the need for interior wall repairs, bedroom carpet replacement, and paint. Additionally, the kitchen appears to be missing major appliances, and the 1976 construction is evident in the exterior architecture and the dated stone fireplace.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Living Area
With 1,430 square feet of living space, this 2-bedroom unit is significantly larger than the average condominium, offering a more open and comfortable layout.
- Desirable In-Unit Amenities
The property features high-demand conveniences including a dedicated in-unit laundry room, a fireplace, and a private patio for outdoor relaxation.
- Excellent School Proximity
The home is ideally located within walking distance of elementary, middle, and high schools, all situated within a 0.6-mile radius.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The unit requires immediate interior attention, including wall repairs, new carpeting, and fresh paint, which adds to the initial post-closing cost.
- High Monthly HOA Fees
The $698 monthly association fee is relatively high and represents a significant recurring expense that impacts overall monthly affordability.
- As-Is Sale Condition
The property is being sold in its current condition, which may limit certain financing options and requires the buyer to assume all responsibility for existing defects.
About 1550 1550 Bancroft Ave 112
This 2-bedroom, 2-bath condo offering 1430 sq ft living space, built in 1976. Features include dining area, in unit laundry room, fireplace, patio and assigned parking. Property needs appliances, interior wall repair, bedroom carpet and interior paint. Property sold as -is. “This property is eligible under the Freddie Mac First Look Initiative through 11/09/2025."
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- 44,007 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $698.0 / Month
Neighborhood Insights
San Leandro Unified Schools
McKinley Elementary School
Grades K-5 • 0.4 mi
Bancroft Middle School
Grades 6-8 • 0.3 mi
San Leandro High School
Grades 9-12 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,430 | 1,224 | 91% |
| Lot Size | 44,007 | 27,792 | 73% |
| Price | $459.9K | $459.9K | 50% |
| Price per sq ft | $322 | $405 | 27% |
| Built year | 1976 | 1982 | 18% |
| HOA | $698.0 | $650 | 73% |
| Days on market | 25 | 158 | 9% |
Pricing History
Listed for Sale
Feb 10, 2026
$459,900
Initial Listing
Sold
Jul 2, 2003
$320,000
Public Record
Sold
May 28, 1999
$189,000
Public Record