9874 Bancroft Avenue

Oakland, CA 94603

$1,595,000
Price
Beds
8,048 Sq. Ft.
$198 / Sq. Ft.
8,048
Sq. Ft.
$198
per Sq. Ft.

Description

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...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
  1. Listed by David Howarth • DRE #01360348 • The Pinza Group, Inc

Property Details for 9874 Bancroft Avenue

City
OAKLAND
Building Type
Garden Apts
Property Sub Type
Garden Apts
Garage/Parking
Other
Total # Parking Spaces
9

Location

Listing Courtesy of The Pinza Group, Inc, David Howarth, DRE #01360348
Add your commute
LISTING UPDATED: 04/28/2024 12:10 PM

Property Details for 9874 Bancroft Avenue

StatusPending
MLS #41050927
Days on Compass63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
CountyAlameda County

Location

Listing Courtesy of The Pinza Group, Inc, David Howarth, DRE #01360348
Add your commute

Building Information for 9874 Bancroft Avenue

Building/Complex9874 Bancroft AveFloor-Stories-Residences10Pet Policy-Year Built1960Building Size-

Payment Calculator

$11,711 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,705

Property Taxes

$3,006

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9874 Bancroft Avenue

Features
Feature Details
  • Flooring: Other
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other Skirt
  • Lot Description: Other
  • Lot Sq Ft Apx: 7700
  • Lot Size Square Feet: 7700.0
  • Roof: Other
  • Sq Ft Apx: 8048
  • Year Built: 1960
Location Details
  • Directions to Property: 98th Ave right on Bancroft Avre
  • FIPS Code: 06001
  • Census Tract: 94603
  • Parcel Number: 46-5478-21-4
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 10
  • Basement: Other
  • Tenant Pays: Other
  • Financial Data Source: Other
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 6
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 900
Unit 2
  • Unit 2 # Units This Type?: 4
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 4
  • Unit # 2 Approx SqFt: 750
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Other
Other Financial Information
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 9874 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 9874 Bancroft Avenue

Taxable ValueLand$750,533Additions$871,904Total$1,622,437
Tax Record2023$36,075 ($3,006 / month)
Home Facts
Total Finished SqFt7,612 SqFtAbove Grade Finished SqFt7,612 SqFtStories2Lot Size7,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyALAMEDAAPN46-5478-21-4

Schools near 9874 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
Public - 6 to 8
Rating
School
Distance
Reach Academy
PublicK to 5

Elmhurst United Middle
Public6 to 8

Castlemont High
Public9 to 12

Alliance Academy
Public6 to 8

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.

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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, David Howarth, DRE #01360348

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.