9500 Bancroft Ave

Oakland, CA 94603

$1,295,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1961

calendar_month Built

Property Description

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 9500 Bancroft Ave, a distinguished eight-unit property in Oakland's sought-after Castlemont neighborhood. This property offers eight 2bd/1bth units, each providing 712 SF of living space. The current rental rates, set at approximately 50% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. Fully leased and equipped with individual electric and gas metering, this property stands as an excellent investment avenue with clear growth potential, suitable for established investors. The building is set on a large 7,000 SF lot and offers a 1:1 off-street parking ratio, enhancing its appeal and convenience for tenants. Email agent on property website for more info. 11.03 GRM; 6.76 Market GRM

Listing Information

List Price $1,295,000
Status Active
MLS 41069613
HOA $0
Type Residential Income
Year Built 1961
Lot Size 7,000
Structure Size N/A
DOM 7
Courtesy Of The Pinza Group, Inc
Listing Agent Steven Pinza DRE#01867691

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type See Remarks

Exterior Information

Maps

Listing information courtesy of: Steven Pinza, The Pinza Group, Inc 510-725-4775. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:38 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.