Christopher Danesi at RE/MAX Accord
East Bay Condo ManiaMLS: 41068198 $1,395,000
Bedrooms with Baths9326 BANCROFT AVE
OAKLAND CA 94603MLS: 41068198
Status: ACTIVE
List Price: $1,395,000
Price per SQFT: $315
Square Footage: 4432Bedrooms
Baths
Year Built: 1966
Zip Code: 94603
Listing Remarks
www.9326Bancroft.com; 7-unit apartment complex offering six 1bd/1bth units and one 2bd/1bth unit with excellent current cash flow. Current cap rate: 9.487%, current GRM: 7.81. The property was originally built in 1966, offers approximately 4,432 square feet of rental space, with six garages that will be delivered vacant that can be rented for additional income or possible new ADUs. Five units are currently rented to Section 8 tenants and one tenant is rented to Abode providing for maximum stability and control. The 2bd/1bth unit will be delivered vacant and is perfect for an owner-occupant or rented before closing. All of the units have been extensively remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, new flooring, double pane windows, new exterior and interior paint, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. This is an Oakland location near HWY 580, Bishop O'Dowd High School, Mills College, Sequoyah Country Club, and Lake Chabot Golf Course. There are a variety of restaurants and shopping options nearby and only a short distance to San Leandro, Lake Merritt, and Downtown Oakland making this an ideal location for tenants.
Address: 9326 BANCROFT AVE OAKLAND CA 94603
Listing Courtesy of DAVID HOWARTH of THE PINZA GROUP, INC
Condo Mania Agent:
Chris DanesiRE/MAX Accord
DRE #01777489
Phone: 925.998.7426
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2024-07-30 LIVING AREA SQ FT: 4432 YEAR BUILT: 1966 FLOORING: Other HEATING: Other COOLING: Other LOT FEATURES: Other PARKING FEATURES: Other PROPERTY TYPE: Commercial Sale PROPERTY SUB TYPE: Garden Apts ROOF: Other LISTING AGENT: DAVID HOWARTH LISTING OFFICE: THE PINZA GROUP, INC
Estimated Monthly Payments
List Price: $1,395,000 20% Down Payment: $279,000 Loan Amount: $1,116,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $7,054 Estimate does not include taxes, fees, insurance.
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Property Location: 9326 BANCROFT AVE OAKLAND CA 94603
This Listing
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Condo Mania Agent:
Chris DanesiRE/MAX Accord
DRE #01777489
Phone: 925.998.7426
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Last Updated: 2024-09-16