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4527 Bancroft Ave 18 Unit Apartment Building $3,025,000 ($168,056/Unit) 7.37% Cap Rate Oakland, CA 94601
Investment Highlights
- 100% occupied 18-unit multifamily asset with consistent two-bedroom layouts and stabilized cash flow.
- Ample on-site parking with 19 spaces, a competitive advantage in East Oakland’s supply-constrained market.
- Embedded rental upside with scheduled rent increase in April 2026 and further potential through turnover.
- Exempt from Oakland rent control, allowing for operational flexibility and market-aligned rental growth.
- Established tenant base with approximately 75% of residents in place for 10+ years, supporting stability.
- Prime location near retail, transit, and major employment nodes, supporting durable rental demand.
Executive Summary
Broker of Record
David Harrington
License # 02168060 (CA), 01320460 (CA)
Matthews Real Estate Investment Services, LLC
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
David Harrington
License # 02168060 (CA), 01320460 (CA)
Matthews Real Estate Investment Services, LLC
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $3,025,000 | Building Class | C |
| Price Per Unit | $168,056 | Lot Size | 0.53 AC |
| Sale Type | Investment | Building Size | 14,544 SF |
| Cap Rate | 7.37% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $3,025,000 |
| Price Per Unit | $168,056 |
| Sale Type | Investment |
| Cap Rate | 7.37% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 14,544 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 1.03/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 035-2358-050-01 | Improvements Assessment | $1,267,067 |
| Land Assessment | $540,821 | Total Assessment | $1,807,888 |
Property Taxes
Parcel Number
035-2358-050-01
Land Assessment
$540,821
Improvements Assessment
$1,267,067
Total Assessment
$1,807,888
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4527 Bancroft Ave
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