$1,295,000
9326 Bancroft Ave Oakland, CA 94603
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Listed by David Howarth • The Pinza Group, Inc
$1,295,000
Est. payment /mo
4,432 SqFt
UPDATED:
11/09/2024 04:41 AM
Key Details
Property Type Commercial
Sub Type Garden Apts
Listing Status Pending
Purchase Type For Sale
Square Footage 4,432 sqft
Price per Sqft $292
MLS Listing ID 41068198
HOA Y/N No
Originating Board Bridge AOR
Year Built 1966
Lot Size 3,800 Sqft
Property Description
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 Other
Cooling Other
Flooring Other
Fireplace No
Exterior
Parking Type Other
Building
Lot Description Other
Water Public
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