5439 Bancroft Ave
Oakland, CA 94601
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Building Size | 2,738 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 2.19/1,000 SF |
| Lot Size | 0.11 AC | ||
| Zoning | R-70, Oakland | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,738 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | R-70, Oakland |
About 5439 BANCROFT AVE , OAKLAND, CA 94601
5439 Bancroft Avenue presents an opportunity for an investor to purchase six units comprised of five studios and one 2bd/1bth apartment. The units are roughly 50% below market in rents, allowing the next investor to gradually raise rents with allowed rent increases or through capital improvement pass throughs. There are additional income streams that can be created by adding on site, coin operated laundry, applying banked rent increases to the units for the last few years, and renting storage/garages. Middle East Oakland sits as a collection of neighborhoods west of Interstate 580, including Havenscourt, Lockwood Gardens, Maxwell Park, Melrose, Millsmont, Oakmore, Ridgemont, and Seminary. The area features a variety of residential homes that have developed over 100 years. Mills College rests centrally to Middle East Oakland, with some students living within the area. Many residents choose Middle East Oakland for easy commuting access into downtown Oakland, Oracle Arena, and the Oakland International Airport. Middle East Oakland lies six miles southeast to downtown Oakland and 15 miles east of San Francisco. CONTACT STEVEN PINZA, ESQ. FOR A COMPLETE MARKETING PACKAGE
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 450 |
| 2+1 | 1 | - | 700 |
Property Taxes
| Parcel Number | 035-2392-027-00 | Improvements Assessment | $649,178 |
| Land Assessment | $277,782 | Total Assessment | $926,960 |
Property Taxes
