9301 Bancroft Ave | Oakland, CA 94603
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- LoopNet Team
9301 Bancroft Ave
Oakland, CA 94603
8.75% Current Cap & 8.26 Current GRM · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Six Units Comprised of Three 2bd/1bth and Three 1bd/1bth, Built in 1961
- Freshly Painted Exterior, 1:1 Covered Carport Parking Ratio, Onsite Laundry, and Easy to Maintain Landscaping
- Ideally Located in Castlemont, Just Blocks from Parks, Schools, Commute Options & I-580
- Current Rents Roughly 30%+ Below Market, with Three Section 8 Tenants Exempt from Rent Control
- 11.07% Market Cap & 6.84 Market GRM
- Situated in an Opportunity Zone w/ Major Tax Benefits
PROPERTY FACTS
| No. Units | 6 | Building Size | 3,673 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 | 1/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | R5, Oakland | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,673 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R5, Oakland |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 046-5470-016-03 | Improvements Assessment | $703,310 |
| Land Assessment | $302,756 | Total Assessment | $1,006,066 |
PROPERTY TAXES
Parcel Number
046-5470-016-03
Land Assessment
$302,756
Improvements Assessment
$703,310
Total Assessment
$1,006,066
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