5223 Bancroft Ave, Oakland, CA 94601

About this fourplex

5223 Bancroft Avenue is a four-unit building located in Oakland's Fairfax Submarket. Built in 1923 the property boasts 3 one-bedroom one-bathroom units and 1 two-bedroom one bathroom unit. Tenants enjoy a backyard common area, and washer dryer hookups in units. The property is individually metered for all utilities allowing for lower operating expenses and is positioned for significant income growth through tenant turnover, rent increases, and converting the backyard common area into parking (potential for additional income). Nearby conveniences include Fruitvale BART, Mills College and I-880.

Listing description from the April 2022 sale, as reported to CRMLS.

Sale history

$957,000

Sold April 2022 · listed $899,500, on market February 2022 · MLS #40981401 · Source: CRMLS

Listing Agent: Michael Pagones · Listing Office: Oak Tree Property Group · Contact: 510-255-2248 · Bought with: Jermaine Duckett · Realty ONE Group Future

$700,000

Sold February 2018 · listed $640,000, on market December 2017 · MLS #40805543 · Source: CRMLS

Listing Agent: Jerry Beverly · Listing Office: Climb Real Estate · Contact: 415-431-8888 · Bought with: Prashant Vanka · Intero Real Estate Services

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