$ 1,295,000
9326 Bancroft Ave Oakland, CA 94603
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,295,000
Est. payment /mo
Price Dropped by $100K
9326 Bancroft Ave Oakland, CA 94603
3,798 Sqft Lot
UPDATED:
10/17/2024 04:05 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41068198
HOA Y/N No
Year Built 1966
Lot Size 3,798 Sqft
Acres 0.0872
Property Description
Showing: Friday 10/18 from 11:30am-12:30pm. www.9326Bancroft.com; 7-unit apartment complex offering six 1bd/1bth units and one 2bd/1bth unit with excellent current cash flow. The current cap rate is 10.32% and the current GRM is 7.25! The property was originally built in 1966, offers approximately 4,432 square feet of rental space, with six garages that will be delivered vacant that can be rented for additional income or possible new ADUs. Five units are currently rented to Section 8 tenants and one tenant is rented to Abode providing for maximum stability and control. The 2bd/1bth unit will be delivered vacant and is perfect for an owner-occupant or rented before closing. All of the units have been extensively remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, new flooring, double pane windows, new exterior and interior paint, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. This is an Oakland location near HWY 580, Bishop O'Dowd High School, Mills College, Sequoyah Country Club, and Lake Chabot Golf Course.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Total Parking Spaces 6
Others
Tax ID 465473203
Listed by David Howarth • The Pinza Group, Inc