9500 Bancroft Ave
Oakland, CA, 94603
$1,295,000
Beds
0 Baths
SqFt
0.16 Acres
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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

Property Details

Price:
$1,295,000
MLS #:
41069613
Status:
Active
Baths:
0
Address:
9500 Bancroft Ave
Type:
Residential Income
City:
Oakland
Listed Date:
Aug 13, 2024
State:
CA
ZIP:
94603
Lot Size:
7,000 sqft / 0.16 acres (approx)
Year Built:
1961
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