9500 Bancroft Ave, Oakland, CA 94603

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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

Interior Features

Bedroom Information
Bedrooms N/A
Interior Information
Cooling Type See Remarks

Listing Information

Address 9500 Bancroft Ave
City Oakland
State CA
Zip 94603
County Alameda
Listing Agent Steven Pinza DRE #01867691
Courtesy Of The Pinza Group, Inc
List Price $1,295,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,000
Year Built 1961

Listing information courtesy of: Steven Pinza, The Pinza Group, Inc. *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.