9750 Bancroft Ave | Oakland, CA 94603
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- LoopNet Team
9750 Bancroft Ave
Oakland, CA 94603
12 Townhome, 3 BR Units listed at a 6.8% CAP · Multifamily Property For Sale
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12 Units
INVESTMENT HIGHLIGHTS
- UNIQUE UNIT MIX OF ALL 3-BEDROOM TOWNHOMES WITH IN-UNIT WASHER/DRYER
- STRONG GOING IN CAP RATE - 6.80% going in CAP rate will provide strong cash flow day 1 with additional considerable upside in rents
- SEPARATE WATER METERS - Landlord expenses are minimized via separate water, gas and electrical meters
- VALUE-ADD INVESTMENT OPPORTUNITY WITH RENTAL INCOME UPSIDE - Potential to increase the net operating income of the property by nearly 57%
- POTENTIAL TO CONVERT CURRENT SECTION 8 TWO-BEDROOM VOUCHERS TO THREE-BEDROOM VOUCHERS
PROPERTY FACTS
| No. Units | 12 | Building Size | 9,833 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1975 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 0.35 AC | ||
| Zoning | RU-1 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 9,833 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | RU-1 |
AMENITIES
UNIT AMENITIES
- Storage Space
- Washer/Dryer
- Tile Floors
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Family Room
- Vinyl Flooring
SITE AMENITIES
- Gated
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 046-5475-029-00 | Improvements Assessment | $2,244,862 |
| Land Assessment | $636,720 | Total Assessment | $2,881,582 |
PROPERTY TAXES
Parcel Number
046-5475-029-00
Land Assessment
$636,720
Improvements Assessment
$2,244,862
Total Assessment
$2,881,582
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