Oakland, CA 94603,9500 Bancroft Ave
Oakland, CA 94603,9500 Bancroft Ave
Oakland, CA 94603,9500 Bancroft Ave
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$1,295,000
Est. payment /mo
5,700 SqFt
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UPDATED:

08/20/2024 08:22 AM

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,700 sqft

Price per Sqft $227

MLS Listing ID 41069613

HOA Y/N No

Year Built 1961

Lot Size 7,000 Sqft

Acres 0.14

Property Description

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 9500 Bancroft Ave, a distinguished eight-unit property in Oakland's sought-after Castlemont neighborhood. This property offers eight 2bd/1bth units, each providing 712 SF of living space. The current rental rates, set at approximately 50% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. Fully leased and equipped with individual electric and gas metering, this property stands as an excellent investment avenue with clear growth potential, suitable for established investors. The building is set on a large 7,000 SF lot and offers a 1:1 off-street parking ratio, enhancing its appeal and convenience for tenants. Email agent on property website for more info. 11.03 GRM; 6.76 Market GRM

Location

State CA

County Alameda

Area Listing

Rooms

Basement Other

Interior

Heating Other

Cooling Other

Flooring None

Fireplace No

Exterior

Utilities Available Other Water/Sewer

Building

Lot Description Other

Water Other

New Construction No


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Bridge MLS
Listed by Steven Pinza • The Pinza Group, Inc

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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9500 Bancroft Ave