Oakland, CA 94603,9874 Bancroft
Oakland, CA 94603,9874 Bancroft
Oakland, CA 94603,9874 Bancroft
20
$1,500,000
$1,595,000
6.0%
Est.Price: ?

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7,701 Sqft Lot

9874 Bancroft Oakland, CA 94603

Est. payment /mo
SOLD DATE : 09/09/2024

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Key Details

Sold Price $1,500,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41050927

Sold Date 09/09/24

HOA Y/N No

Year Built 1960

Lot Size 7,701 Sqft

Property Description

10-unit apartment building with a current cap rate of 9.43% and a current GRM of 7.34. The property was built in 1960, offers approximately 8,050 square feet of rental space and sits on a 7,700 square foot lot with off-street parking spaces and a spacious backyard. The units have been remodeled over time and offer updated kitchens and bathrooms, double pane windows, wood floors, stainless steel appliances and more. The property is almost 100% occupied, easy to manage, and has friendly tenants. This is a low maintenance property and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition with little to no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is one of the best locations in East Oakland located on a tree-lined street across from Reach Academy. There are a variety of restaurants, coffee shops, schools, and parks throughout the area with easy access to HWY580 and various fo

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 9

Building

Water Other

Others

Tax ID 465478214

Financing Cash

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California Regional MLS (CRMLS)
Listed by David Howarth • The Pinza Group, Inc
Bought with David Howarth • The Pinza Group, Inc

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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