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
Active
9500 Bancroft Ave Oakland, CA 94603
5,700 SqFt
UPDATED:
08/20/2024 10:02 AM
Key Details
Property Type Multi-Family, Commercial
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
Parking Features Other
Garage Spaces 8.0
Roof Type Other
Building
Lot Description Other
Water Other
Others
Special Listing Condition Not Applicable
© 2024 MLSListings Inc. All rights reserved.
Listed by Steven Pinza • The Pinza Group, Inc