9874 Bancroft Ave | Oakland, CA 94603
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- LoopNet Team
9874 Bancroft Ave
Oakland, CA 94603
Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- Nine Unit Apartment Complex Comprised of Six 2bd/1bth Units of 920 SqFt and Three 1bd/1bth Units of 700 SqFt
- Current Cap of 6.65% and 9.72% Market Cap
- Current GRM of 10.31 and 7.71 Market GRM
- Priced at Only $221,667 Per Unit & $262.33 SqFt
- Nearly $75K in Yearly Rental Upside Upon Turnover, Gradual Rent Increases, or Capital Improvement Passthroughs
- Many Remodeled Units w/Easy Tenants
PROPERTY FACTS
| No. Units | 9 | Building Size | 7,612 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.31/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | RM-3 - Multi-Family Dwelling Units | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,612 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | RM-3 - Multi-Family Dwelling Units |
AMENITIES
UNIT AMENITIES
- Double Pane Windows
SITE AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 700 |
| 2+1 | 6 | - | 920 |
PROPERTY TAXES
| Parcel Number | 046-5478-021-04 | Improvements Assessment | $1,050,000 |
| Land Assessment | $450,000 | Total Assessment | $1,500,000 |
PROPERTY TAXES
Parcel Number
046-5478-021-04
Land Assessment
$450,000
Improvements Assessment
$1,050,000
Total Assessment
$1,500,000
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