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- LoopNet Team
5477 Bancroft Ave
Oakland, CA 94601
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Sixteen low-maintenance cottage-style studios
- Walk Score of 84 “Very Walkable” most errands (shopping and restaurants) can be accomplished on foot
- Individual hot water boilers in all units
- Tremendous upside potential
- Separately metered gas & electric mitigates operational costs
- Gated, secure entryway with exterior lighting
PROPERTY FACTS
| No. Units | 16 | Building Size | 5,120 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1928 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | R70, Oakland - high density residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,120 SF |
| Average Occupancy | 88% |
| No. Stories | 1 |
| Year Built | 1928 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | R70, Oakland - high density residential |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
ABOUT 5477 BANCROFT AVE , OAKLAND, CA 94601
Built in 1928, the building is constructed of wood frame construction, bitumen roof and concrete perimeter foundation. The property offers 16 units with a mix of (16) cottage style studios. The site resides on a ±9,148 square foot lot with a total of ±5,136 square feet of living space. Floor plans include hardwood floors and carpet throughout with linoleum and tile kitchen and bathroom floors. Amenities include front entry security gate, motion sensor lighting, 24-hour video surveillance and rear exterior decks. The building offers individually metered gas and electric and individual hot water boilers to mitigate expenses and streamline operations. The property offers considerable upside upon stabilizing the asset to market rents on turn-over.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | 320 |
PROPERTY TAXES
| Parcel Number | 035-2391-002-01 | Improvements Assessment | $741,212 |
| Land Assessment | $397,227 | Total Assessment | $1,138,439 |
PROPERTY TAXES
