CA > Oakland
Oakland, CA 94603,9326 Bancroft Ave
Oakland, CA 94603,9326 Bancroft Ave
Oakland, CA 94603,9326 Bancroft Ave
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$1,250,000
Est. payment /mo
4,432 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,432 sqft

Price per Sqft $282

MLS Listing ID 41092808

HOA Y/N No

Year Built 1966

Lot Size 3,800 Sqft

Acres 0.09

Property Sub-Type 5 or More Units

Property Description

Located in Oakland's Castlemont neighborhood and situated within a designated Opportunity Zone, 9326 Bancroft Avenue is a well-maintained 7-unit apartment building in a high-demand rental market. Just six blocks from Bishop O'Dowd High School and near Highway 580, Mills College, and Sequoyah Country Club, the property offers strong tenant appeal and long-term appreciation potential. The unit mix includes six 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, with several units featuring modern upgrades such as remodeled kitchens, updated bathrooms, new flooring, double-pane windows, and fresh paint. Major capital improvements, including a new roof and completed soft-story retrofit, enhance durability and reduce maintenance costs. With an 8.7% CAP rate, stable Section 8 and Abode Services income, and over $14,000 in monthly rent, this is a rare investment opportunity. Six vacant garages provide additional income potential or ADU development. Don't miss out on this exceptional multifamily asset!

Location

State CA

County Alameda

Rooms

Basement Partial

Interior

Heating Forced Air, Natural Gas, Wall Furnace, Hot Water

Cooling Ceiling Fan(s)

Flooring Laminate, Partial Carpeting, Tile, Vinyl

Fireplace No

Window Features Window Coverings

Appliance Dryer, Washer, Gas Water Heater

Laundry 220 Volt Outlet, Common Area, Dryer, Gas Dryer Hookup, Laundry Room, Washer

Exterior

Utilities Available All Public Utilities, Natural Gas Available, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter

Total Parking Spaces 7

Building

Lot Description Level, Garden, Paved

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 465473203

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Joey Wang • Keller Williams Realty

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agent

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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9326 Bancroft Ave