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9500 Bancroft Ave
For Sale $1,295,000
$1,295,000
- 8 Units
- Unknown Sq Ft
- 7,000 Sq Ft
- Unknown Cap Rate
Description
www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 9500 Bancroft Ave, a distinguished eight-unit property in Oakland's sought-after Castlemont neighborhood. This property offers eight 2bd/1bth units, each providing 712 SF of living space. The current rental rates, set at approximately 50% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. Fully leased and equipped with individual electric and gas metering, this property stands as an excellent investment avenue with clear growth potential, suitable for established investors. The building is set on a large 7,000 SF lot and offers a 1:1 off-street parking ratio, enhancing its appeal and convenience for tenants. Email agent on property website for more info. 11.03 GRM; 6.76 Market GRM
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,295,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 8 spots |
| Year Built | 1961 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | Unknown |
| MLS # | 41069613 |
| Property ID | 320757045 |
| Lot Sqft | 7,000 |
| Zoning | Unknown |
| Total Units | 8 |
| Days on Market | 106 |
| Original List Price | $1,295,000 |
| Date Updated | September 30, 2024 |
| Date Created | August 13, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Steven Pinza an agent of . Lic #01867691
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT