235 Bancroft Ave, San Leandro, California 94577, San Leandro, - bed, bath
ACTIVE$999,888
235 Bancroft Ave, San Leandro, California 94577
0Bed
0Bath
Sqft
13,304Lot
Year Built
1941
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
-
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
Price History
Date
Event
Price
08/08/25
Listing
$999,888
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 13,304 | 5,512 | 75% |
| Price | $1,000K | $828K | 63% |
| Price per square foot | $0 | $0 | |
| Built year | 1941 | 9705971 | 50% |
| HOA | |||
| Days on market | 89 | 170 | 25% |
Condition Rating
Poor
Built in 1941, this property is explicitly marketed as a 'Contractor or Builder Special,' indicating it requires substantial repairs and rehabilitation. The kitchen is severely outdated with old white laminate cabinets, worn laminate countertops, and vintage white appliances (built-in oven, cooktop, dishwasher) that appear to be 30-50+ years old. The interior features stained, worn carpeting and dated light fixtures. While bathrooms are not pictured, the overall condition suggests major systems and cosmetic finishes throughout the property are in need of extensive renovation.
Pros & Cons
Pros
Significant Development Potential: The property offers substantial future value and income growth with the explicit possibility to add two or three more units on the large rear portion of the lot.
Large Lot Size: A generous 13,304 sq ft (1/3 acre) lot provides ample space for expansion and adds inherent property value, supporting the development potential.
Existing Income-Generating Triplex: Currently configured as a triplex (one 2Br unit, two 1Br units), the property provides immediate rental income and a foundation for a robust investment portfolio.
Targeted Investment Opportunity: Marketed as a 'Contractor or Builder Special,' this property presents a clear value-add proposition for experienced investors and developers seeking high ROI.
Strategic Location: Located in San Leandro, California, the property benefits from its Bay Area proximity, generally strong rental demand, and potential for property appreciation.
Cons
Requires Significant Investment: The 'Contractor or Builder Special' designation strongly implies the property needs substantial capital investment for renovation, modernization, and potential expansion.
Age of Property: Built in 1941, the property is likely to have older systems, infrastructure, and design, necessitating updates to meet modern standards and tenant expectations.
Development Complexity: Adding multiple units requires navigating local zoning, permits, and construction, which can be a time-consuming and complex process for potential buyers.