5645 Bancroft Avenue, Oakland, CA 94605
Commercial property · 2 recorded sales since 2021
Sold December 2023
Listing Agent: Helen Chong (DRE #01700495) · Listing Office: Haylen · Contact: (408) 800-5478 · Bought with: RECIP · Out of Area Office · MLS #ML81930885 · Source: CRMLS
About this commercial property
One of the most well maintained 5-unit building, with 3 fully renovated units plus a bonus unit for additional income, located in the Seminary neighborhood in Oakland. Desirable unit mix of (4) 2 bedrooms, (1) 1 bedroom, plus bonus unit. Significant capital improvements completed, including new sewer lateral and replacement of original cast iron to PVC (to the main line), and cleanout; new exterior paint including fence and gate, maintenance repairs to garage, roof, gutters. Gated building with 24-hour security camera system installed throughout the exterior. Key code access for entry, individual garages with additional drive-way space, plus ample street parking. Less than 10 minutes to two BART stations, convenient access to 880 and 580 freeways, great central location. May deliver up to 1 vacant unit at closing. Pro forma cap rate 7+. All information deemed reliable but not guaranteed, potential buyer to verify all.
Listing description from the December 2023 sale, as reported to CRMLS.
Sale history
