9874 Bancroft, Oakland, CA 94603

About this property

10-unit apartment building with a current cap rate of 9.43% and a current GRM of 7.34. The property was built in 1960, offers approximately 8,050 square feet of rental space and sits on a 7,700 square foot lot with off-street parking spaces and a spacious backyard. The units have been remodeled over time and offer updated kitchens and bathrooms, double pane windows, wood floors, stainless steel appliances and more. The property is almost 100% occupied, easy to manage, and has friendly tenants. This is a low maintenance property and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition with little to no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is one of the best locations in East Oakland located on a tree-lined street across from Reach Academy. There are a variety of restaurants, coffee shops, schools, and parks throughout the area with easy access to HWY580 and various fo

Listing description from the September 2024 sale, as reported to CRMLS.

Sale history

$1,500,000

Sold September 2024 · listed $1,595,000, orig. $1,695,000, on market February 2024 · MLS #41050927 · Source: CRMLS

Listing Agent: David Howarth · Listing Office: The Pinza Group, Inc · Contact: 510-725-4775 · Bought with: David Howarth · The Pinza Group, Inc

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