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
See this Listing
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Schools
Interior
Cooling
See Remarks
Heating
See Remarks
Exterior
Parking Spots
8.00
Water Source
Other
Financial
Association Fee
0.00
Map
Community
- Address9500 Bancroft Ave Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94603
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Courtesy of The Pinza Group, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
9500 Bancroft Ave
Oakland, CA
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