9874 Bancroft Avenue, Oakland, California 94603$1,500,000 (Sold At) $1,515,000
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The subject property at 9874 Bancroft Avenue offers investors an opportunity to purchase a well maintained property, with tremendous rental upside, in one of Oakland’s strongest rental districts.
Originally built in 1960, 9874 Bancroft Avenue is a wood-framed building with a stucco exterior, sitting on a large 7,700 square foot lot. The favorable unit mix includes (6) two bedroom, one bathroom units and (3) one bedroom one bath units, of approximately 900 square feet each.
The property includes extra tenant storage and 10 off street parking spaces. Each unit is separately metered for PG&E, while the owner pays for water and garbage. The new owner can add an onsite laundry facility, as there are washer and dryer hook-ups in place.
Conveniently located just off the I-580 and I-880 freeways, with AC transit lines along Bancroft Ave. and 98th Avenue, residents will appreciate easy commuter access. International Blvd. is just a few blocks away and offers many restaurants and retail options.
All in all, 9874 Bancroft Avenue offers the opportunity to purchase a property in a neighborhood with high rental demand, that is rapidly improving, with tremendous rental upside.
*GREAT UNIT MIX FEATURING SIX 2/1 UNITS AND THREE 1/1 UNITS OF APPROXIMATELY 900 SF
*NEW DUAL PANE WINDOWS
*EXTRA TENANT STORAGE
*10 OFF STREET PARKING SPACES
*APPROXIMATELY 75.87% RENTAL UPSIDE CURRENTLY AVAILABLE!
*WELL MANAGED PROPERTY
*POTENTIAL TO ADD ONSITE LAUNDRY
*LOCATION OF THE SUBJECT PROPERTY IS JUST OFF OF THE 580 AND MINUTES FROM THE 880 FREEWAYS
*PROPERTY IS SEPARATELY METERED FOR PG&E
[DO NOT DISTURB TENANTS OR WALK ONTO PROPERTY. Write all offers "SUBJECT TO INSPECTION". See marketing package for more information/financials. Contact LA with any questions.]
Property Status: Sold