9326 Bancroft Ave Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94603
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41092888
Year Built 1966
Lot Size 3,798 Sqft
Property Description
Located in Oakland's Castlemont neighborhood and situated within a designated Opportunity Zone, 9326 Bancroft Avenue is a well-maintained 7-unit apartment building in a high-demand rental market. Just six blocks from Bishop O'Dowd High School and near Highway 580, Mills College, and Sequoyah Country Club, the property offers strong tenant appeal and long-term appreciation potential. The unit mix includes six 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, with several units featuring modern upgrades such as remodeled kitchens, updated bathrooms, new flooring, double-pane windows, and fresh paint. Major capital improvements, including a new roof and completed soft-story retrofit, enhance durability and reduce maintenance costs. With an 8.7% CAP rate, stable Section 8 and Abode Services income, and over $14,000 in monthly rent, this is a rare investment opportunity. Six vacant garages provide additional income potential or ADU development. Don't miss out on this exceptional multifamily asset!
Location
State CA
County Alameda
Interior
Heating Forced Air,Natural Gas,Wall Furnace
Flooring Carpet,Laminate,Tile,Vinyl
Exterior
Parking Features Covered,Garage,Garage Door Opener
Roof Type Composition
Building
Lot Description Street Level,Yard
Sewer Public Sewer