7615 Bancroft Avenue

Oakland, CA 94605

$1,500,000
Last Sold Price
Beds
6,139 Sq. Ft.
$244 / Sq. Ft.
6,139
Sq. Ft.
$244
per Sq. Ft.

Description

$100K Price Reduction; Ten Large 1bd/1bth Units; 100% Occupied; 5.31% Current Cap & 11.81 Current GRM; Multiple Years of Banked Rent Increases; One Unit Remodeled, Including New Kitchen, Flooring, Window, Electrical, Plumbing, Lighting, Appliances, and HVAC; Individually Metered for PG&E, On Site Laundry, Secure Gated Access, Off-Street Parking, and Room for ADU's; Conveniently Located Near Oakland’s Bancroft Business District; 11.91% Market Cap & 6.53 Market GRM.$100K Price Reduction; Ten Large 1bd/1bth Units; 100% Occupied; 5.31% Current Cap & 11.81 Current GRM; Multiple Years of Banked Rent Increases; One Unit Remodeled, Including New Kitchen, Flooring, Window, Electrical, Plumbing, Lighting, Appliances, and HVAC; Individually Metered for PG&E, On Site Laundry, Secure Gated Access, Off-Street Parking, and Room for ADU's; Conveniently Located Near Oakland’s Bancroft Business District; 11.91% Market Cap & 6.53 Market GRM.
  1. Listed by Steven Pinza • DRE #01867691 • The Pinza Group, Inc

Property Details for 7615 Bancroft Avenue

City
OAKLAND
Building Type
Apt Complex
Property Sub Type
Apt Complex
Garage/Parking
Other
View
Other
Total # Parking Spaces
10

Location

Listing Courtesy of The Pinza Group, Inc, Steven Pinza, DRE #01867691

Sold By The Pinza Group, Inc, Steven Pinza, DRE #01867691

Add your commute
LISTING UPDATED: 09/24/2021 02:38 PM

Property Details for 7615 Bancroft Avenue

StatusSold
MLS #40948316
Days on Compass111
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1962
CountyAlameda County

Location

Listing Courtesy of The Pinza Group, Inc, Steven Pinza, DRE #01867691

Sold By The Pinza Group, Inc, Steven Pinza, DRE #01867691

Add your commute

Building Information for 7615 Bancroft Avenue

Building/Complex7615 Bancroft AveFloor-Stories-Residences10Pet Policy-Year Built1962Building Size-

Payment Calculator

$10,611 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$2,425

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7615 Bancroft Avenue

Features
Feature Details
  • Flooring: Other
  • Laundry: Other
  • Disability Features: Other
Utility Details
  • Cooling: Other
  • Heating: Wall Furnace
  • Water/Sewer: Other
  • Energy Saving Feature: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other
  • Lot Description: Other
  • Lot Sq Ft Apx: 6534
  • Lot Size Square Feet: 6534.0
  • Roof: Other
  • Sq Ft Apx: 6139
  • Year Built: 1962
Location Details
  • Directions to Property: Google Maps
  • FIPS Code: 06001
  • Census Tract: 000
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Other
  • Some Units Have: Other
  • Units Total: 10
  • Basement: Other
  • Separate Meters: Other
  • Tenant Pays: Other
  • Financial Data Source: Other
Income / Expense Details
  • Operating Expenses: Other
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • Inspection Reports Available: Other
  • On Site Parking Description: Other
  • Tot Ann Oper Exp: 0.0
  • Total Deposits: 0
  • Units - Other: Other
Income / Expense Details
  • Annual Exp Year: 0
  • Annual Gross Sched Income: $0
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maint Expense: $0
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $0
  • Annual Taxes: $0
  • Annual Util Expense: $0
  • Annual Vacancy: 0.0
  • Gross Income: $0
  • Gross Operating Actual Income: $0
  • Net Operating Income: $0
  • Other Annual Expense: $0
Other Financial Information
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 7615 Bancroft Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7615 Bancroft Avenue

Taxable ValueLand$408,000Additions$1,117,716Total$1,525,716
Tax Record2023$29,095 ($2,425 / month)
Home Facts
Total Finished SqFt6,139 SqFtAbove Grade Finished SqFt6,139 SqFtStories2Lot Size6,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyALAMEDAAPN40-3338-1-4

Schools near 7615 Bancroft Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Markham Elementary School
PublicK to 5

Frick United Academy of Language
Public6 to 8

Castlemont High
Public9 to 12

Aspire College Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Pinza Group, Inc, Steven Pinza, DRE #01867691

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.