14863 Bancroft Ave, San Leandro, CA 94578

14863 Bancroft Ave is an 8-unit, multifamily investment property located in the Upper Bal neighborhood of San Leandro, California. Deliverable to investors and IRC 1031 exchangers, the 1961 built, 6,126 square foot asset consists of one building on a 9,500 SF lot or 0.22 Acres. The property also includes eight covered, tuck-under parking spots. The property has incredible up-side potential due to below market rents and possible conversions. With in-place rents that are approximately 52% below market rate, there is potential to increase the net operating income of the property by approximately 194%. The eight tuck under parking spaces provide an opportunity for accessory dwelling units (ADUs), which could potentially increase future net operating income of the property.