Oakland, CA 94603,9500 Bancroft Ave
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Oakland, CA 94603,9500 Bancroft Ave
Oakland, CA 94603,9500 Bancroft Ave
Oakland, CA 94603,9500 Bancroft Ave
Oakland, CA 94603,9500 Bancroft Ave
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9500 Bancroft Ave Oakland, CA 94603

7,000 Sqft Lot


UPDATED:

12/05/2024 01:54 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41069613

HOA Y/N No

Year Built 1961

Lot Size 7,000 Sqft

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

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 8

Building

Water Other


California Regional MLS (CRMLS)
Listed by Steven Pinza • The Pinza Group, Inc

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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9500 Bancroft Ave