9750 Bancroft Ave | Oakland, CA 94603
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This Multifamily Property is no longer advertised on LoopNet.com.
9750 Bancroft Ave
Oakland, CA 94603
12 Townhome, 3 BR Units listed at a 6.8% CAP · Multifamily Property For Sale
·
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
Listing ID: 23459174
Date on Market: 6/18/2021
Last Updated:
Address: 9750 Bancroft Ave, Oakland, CA 94603
The Castlemont Multifamily Property at 9750 Bancroft Ave, Oakland, CA 94603 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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