1550 Bancroft Ave, San Leandro, California 94577, San Leandro, 94577 - 2 bed, 2 bath
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San Leandro, California 94577
This Spacious Renovated Condominium is a Strong Value Opportunity, listed at $418,888—positioned well below the $450,370 Fair Market Value by 6%. This valuation gap offers $31,482 in Instant Equity for the incoming buyer. Featuring a Condition Rating of 3, the 1,404 sqft interior boasts modern wide-plank flooring, stainless steel appliances, and a private deck. Located in a stable, 90% owner-occupied complex near San Leandro High School and downtown transit, this property perfectly balances lifestyle comfort with investment logic. It is an ideal match for Owner-Occupants or first-time buyers seeking a move-in-ready home with built-in appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1550 Bancroft Ave Subject | $418,888* List Price | 2 | 2 | 1,404 | $321 | - |
A 1550 1550 Bancroft Ave 223 Sold | $460,000 | 2 | 2 | 1,448 | $318 | 0.0 mi |
B 1400 Carpentier St 325 Sold | $385,000 | 2 | 2 | 1,406 | $274 | 0.7 mi |
C 400 Davis St 103 Sold | $350,000 | 2 | 2 | 1,224 | $286 | 0.7 mi |
D 1599 1599 Hays St 306 Sold | $295,000 | 2 | 2 | 899 | $328 | 0.6 mi |
E 1132 Carpentier St 210 Sold | $420,000 | 2 | 2 | 1,182 | $355 | 0.8 mi |
F 1550 1550 Bancroft Ave 112 Pending | $439,900 List Price | 2 | 2 | 1,430 | $308 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1976 but features a recent renovation with modern wide-plank flooring, fresh paint, and updated stainless steel appliances. While the kitchen cabinetry appears to be the original 1970s style, the overall unit is well-maintained, functional, and move-in ready, fitting the criteria for a 5-15 year renovation cycle.
Priced competitively at nearly half the cost of comparable downtown properties, this unit offers a significant entry point into the Bay Area market for its size.
Boasting over 1,400 square feet of renovated living space, the property provides a generous floor plan that is significantly larger than standard 2-bedroom condos in the area.
A high owner-occupancy rate of over 90% in a small, 30-unit gated complex suggests a well-maintained environment and a strong sense of community pride.
The association fee of $698 per month is relatively high, which may impact the monthly affordability and overall debt-to-income ratio for potential buyers.
Constructed in 1976, the property may face challenges related to aging infrastructure and lacks the modern energy-efficient features found in newer developments.
Discover your dream home in the heart of downtown San Leandro! This beautifully renovated 2-bed, 2-bath condo offers over 1,400 sqft of modern living in the desirable Nugent Square neighborhood. Featuring tasteful updates, classic charm, and a secure small complex (only 30 units, 90%+ owner-occupied), it includes two underground parking spots, a private storage locker, and gated entrances. Enjoy easy access to restaurants, shopping, and transit, all at nearly half the price of comparable downtown properties.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,404 | 1,149 | 78% |
| Lot Size | 44,007 | 25,075 | 61% |
| Price | $418.9K | $444.5K | 33% |
| Price per sq ft | $298 | $399 | 17% |
| Built year | 1976 | 1980 | 28% |
| HOA | $698.0 | $625 | 67% |
| Days on market | 33 | 116 | 11% |
May 4, 2026
$418,888
Initial Listing
Mar 13, 2015
$344,000
Public Record
Apr 4, 1995
$150,000
Public Record