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Listed by Joey Wang • Keller Williams Realty
$1,250,000
Est. payment /mo
4,432 SqFt
Active
9326 Bancroft Ave Oakland, CA 94603
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Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,432 sqft
Price per Sqft $282
MLS Listing ID 41092808
HOA Y/N No
Originating Board Bridge AOR
Year Built 1966
Lot Size 3,800 Sqft
Property Sub-Type 5 or More Units
Property Description
Located in Oakland's Castlemont neighborhood and situated within a designated Opportunity Zone, 9326 Bancroft Avenue is a well-maintained 7-unit apartment building in a high-demand rental market. Just six blocks from Bishop O'Dowd High School and near Highway 580, Mills College, and Sequoyah Country Club, the property offers strong tenant appeal and long-term appreciation potential. The unit mix includes six 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, with several units featuring modern upgrades such as remodeled kitchens, updated bathrooms, new flooring, double-pane windows, and fresh paint. Major capital improvements, including a new roof and completed soft-story retrofit, enhance durability and reduce maintenance costs. With an 8.7% CAP rate, stable Section 8 and Abode Services income, and over $14,000 in monthly rent, this is a rare investment opportunity. Six vacant garages provide additional income potential or ADU development. Don't miss out on this exceptional multifamily asset!
Location
State CA
County Alameda
Interior
Heating Forced Air, Natural Gas, Wall Furnace, Hot Water
Cooling Ceiling Fan(s)
Flooring Laminate, Partial Carpeting, Tile, Vinyl
Fireplace No
Window Features Window Coverings
Appliance Dryer, Washer, Gas Water Heater
Laundry 220 Volt Outlet, Common Area, Dryer, Gas Dryer Hookup, Laundry Room, Washer
Building
Lot Description Level, Garden, Paved
Water Public
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