Commercial Investment Group is pleased to offer for sale this forty-two (42) unit multifamily investment opportunity located at 5452 & 5460 Bancroft Avenue, in the City of Oakland. The three-story buildings, consisting of two separate parcels, was constructed of wood frame and stucco on a raised foundation built in 1930 & 1931 with a square footage of 25,660 on a 10,800-square foot lot. The buildings have been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of twenty-one (21) 1+1 units, fifteen (15) studios, and six (6) 2+1 units. The subject property has seven (7) current vacancies, and is subject to the City of Oakland's rent control regulation.
The investment boasts spacious floor plans, on-site laundry room for additional income, four (4) on-site parking spaces, updated copper plumbing, and individually metered for gas and electricity.
Well positioned within Oakland's continuously gentrifying submarket, this investment presents an excellent opportunity for an investor to capitalize on a densely populated area that continues to experience rapid rent growth.
PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage
