9500 Bancroft Ave, Oakland, CA 94603 - MLS#EB41069613

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 1,295,000

Est. payment | -/mo

5,700 SqFt

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$ 1,295,000

Est. payment | -/mo

Save

5,700 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,700 sqft

Price per Sqft $227

MLS Listing ID EB41069613

Originating Board Bridge MLS

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

Area Other Area

Interior

Cooling Other

Flooring None

Exterior

Exterior Feature None

Garage Other

Garage Spaces 8.0

Roof Type Other

Building

Lot Description Other

Water Other

Others

Special Listing Condition Not Applicable

Listed by Steven Pinza • The Pinza Group, Inc

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA