Oakland, CA 94603,9874 Bancroft
Oakland, CA 94603,9874 Bancroft
Oakland, CA 94603,9874 Bancroft
$1,500,000
Est. payment /mo
Est.Price: ?

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7,701 Sqft Lot
SOLD DATE : 09/09/2024

Key Details

Sold Price $1,500,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41050927

Year Built 1960

Lot Size 7,701 Sqft

Property 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 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

Location

State CA

County Alameda

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California Regional MLS (CRMLS)
Listed by David Howarth • The Pinza Group, Inc
Bought with David Howarth • The Pinza Group, Inc

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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