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$ 1,250,000
Est. payment | /mo
3,798 Sqft Lot
$ 1,250,000
Est. payment | /mo
3,798 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41092808
HOA Y/N No
Year Built 1966
Lot Size 3,798 Sqft
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
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Roof Type Composition
Total Parking Spaces 7
Building
Lot Description Street Level
Others
Tax ID 465473203
Listed by Joey Wang • Keller Williams Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "