Christopher Danesi at RE/MAX Accord - 925.998.7426
East Bay Condo ManiaSOLD! MLS: 41050927 $1,500,000
Bedrooms with Baths9874 BANCROFT
OAKLAND CA 94603MLS: 41050927
Status: SOLD
Closed On: 2024-09-09
Sold Price: $1,500,000
Sold Price per SqFt: $186
Square Footage: 8048Bedrooms
Baths
Year Built: 1960
Zip Code: 94603
Listing Remarks
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
Address: 9874 BANCROFT OAKLAND CA 94603
Listing Courtesy of DAVID HOWARTH of THE PINZA GROUP, INC
Condo Mania Agent
Chris Danesi
RE/MAX Accord
DRE #01777489
Phone: 925.998.7426
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Listing Details
STATUS: Closed SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2024-02-25 CLOSE DATE: 2024-09-09 LIVING AREA SQ FT: 8048 BUILDING AREA TOTAL: 8048 YEAR BUILT: 1960 FLOORING: Other HEATING: Other COOLING: Other LOT FEATURES: Other PARKING FEATURES: Other PROPERTY TYPE: COMM RI MULTI-UNITS 5+ PROPERTY SUB TYPE: Garden Apts LISTING AGENT: DAVID HOWARTH LISTING OFFICE: THE PINZA GROUP, INC
Property Location: 9874 BANCROFT OAKLAND CA 94603
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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.
Last Updated: 2025-02-03
