235 Bancroft Ave, San Leandro, California 94577, San Leandro, 94577 - bed, bath
ACTIVE$949,888
235 Bancroft Ave, San Leandro, California 94577
0Bed
0Bath
Sqft
13,304Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Development Potential: The property boasts a large 13,304 sq ft lot, with an 8,900 sq ft rear portion explicitly noted for its potential to add two to three additional units, offering substantial future value and expansion opportunities.
Top Cons:
Requires Extensive Renovation: Marketed as a 'Contractor or Builder Special,' the property likely requires significant capital investment for renovations, repairs, and modernization, which could deter buyers seeking a move-in ready home.
Compared to the nearby listings
Price:$949.9K vs avg $884.9K (+$64,944)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1941 (84 years old).
Condition: Built in 1941, this property is explicitly marketed as a 'Contractor or Builder Special,' indicating a need for substantial repairs and rehabilitation. The images confirm this, showing an extremely outdated kitchen with old cabinets, laminate countertops, and very old white appliances. The flooring throughout is worn and stained, including old carpet and linoleum. While not a tear-down, the property requires significant investment to update all major systems and aesthetics, making it uncomfortable and potentially unsafe in its current state.
Year Built
1941
Close
-
List price
$950K
Original List price
$1,000K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41107647
Home ConditionPoor
Features
View-
About this home
**Contractor or Builder Special**Tri- Plex with large 8,900 sf lot in the rear. 2Br unit upstairs and Two 1 Br unit on the bottom, (2,878 sq ft interior). Possible to add two or three more units on the rear portion of the lot. Lot is 50 X 265 or 13,304 (1/3acre)
Nearby schools
5/10
Washington Elementary School
Public,•K-5•0.4mi
6/10
Roosevelt Elementary School
Public,•K-5•0.5mi
2/10
Grass Valley Elementary School
Public,•K-5•1.9mi
4/10
Bancroft Middle School
Public,•6-8•0.7mi
2/10
Elmhurst Community Prep School
Public,•6-8•0.8mi
1/10
Castlemont High
Public,•9-12•1.5mi
5/10
San Leandro High School
Public,•9-12•1.6mi
Condition Rating
Poor
Built in 1941, this property is explicitly marketed as a 'Contractor or Builder Special,' indicating a need for substantial repairs and rehabilitation. The images confirm this, showing an extremely outdated kitchen with old cabinets, laminate countertops, and very old white appliances. The flooring throughout is worn and stained, including old carpet and linoleum. While not a tear-down, the property requires significant investment to update all major systems and aesthetics, making it uncomfortable and potentially unsafe in its current state.
Pros & Cons
Pros
Significant Development Potential: The property boasts a large 13,304 sq ft lot, with an 8,900 sq ft rear portion explicitly noted for its potential to add two to three additional units, offering substantial future value and expansion opportunities.
Existing Income-Generating Triplex: Currently configured as a Triplex (2Br unit upstairs, two 1Br units downstairs), providing immediate rental income potential for investors.
Large Lot Size: A generous 13,304 sq ft (approximately 1/3 acre) lot provides ample space, not only for potential development but also for outdoor amenities or privacy.
Access to Highly-Rated Schools: The property is located near several well-regarded public schools, including Washington Elementary (rating 5), Roosevelt Elementary (rating 6), and San Leandro High School (rating 5), enhancing its appeal to families.
Recent Price Adjustment: A recent price reduction from $999,888 to $949,888 indicates a potential buying opportunity and a motivated seller.
Cons
Requires Extensive Renovation: Marketed as a 'Contractor or Builder Special,' the property likely requires significant capital investment for renovations, repairs, and modernization, which could deter buyers seeking a move-in ready home.
Age of Property: Built in 1941, the property is over 80 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and the need for costly upgrades or remediation of older materials.
Limited Buyer Pool: Due to its 'Contractor Special' designation and the implied need for substantial work, the property's appeal is primarily limited to experienced investors, developers, or contractors, potentially narrowing the market of interested buyers.