$1,295,000
9500 Bancroft Ave Oakland, CA 94603
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Listed by Steven Pinza • The Pinza Group, Inc
$1,295,000
Est. payment /mo
5,700 SqFt
UPDATED:
08/20/2024 03:42 PM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,700 sqft
Price per Sqft $227
MLS Listing ID 41069613
HOA Y/N No
Originating Board Bridge AOR
Year Built 1961
Lot Size 7,000 Sqft
Property 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
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring None
Fireplace No
Exterior
Parking Type Other
Building
Lot Description Other
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