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9326 Bancroft Ave
Oakland, CA 94603 Castlemont

$1,295,000 USD

Apartments For Sale • 4,432 SF

Property Details

Property Type Apartments
Total Building Size 4,432 SF
Lot Size 0.09 AC
Building Class C
Year Built 1966
Cap Rate 10.16 %
Zoning RU-1

56 Transit Score

66 Walk Score

                
                    Highlights
                
                                7-unit Apartment Complex with Six 1bd/1bth Units and One 2bd/1bth Unit with Excellent Current Cash Flow
                            
                                Remodeled Units with Five Section 8 Tenants and One Abode Tenants Providing For Maximum Flexibility
                            
                                Full Seismic Retrofit Completed, Sewer Lateral Compliant, New Roof in 2012, On Site Laundry, Dual Pane Windows, and Private Security Gates
                            
                                  Six Vacant Garages Which Can Be Rented Out for Additional Income Immediately or Redeveloped for More Units
                            
                                Attractive Corner Location Close to San Leandro, HWY580, and Bishop O'Dowd High School

Cap Rate:

10.16 %

Amenities

Cable Ready
Fenced Lot
Gated
Kitchen
Range

Public Transportation

Commuter Rail	Drive	Walk	Distance
Oakland (Capitol Corridor - Amtrak, Coast Starlight - Amtrak, San Joaquins - Amtrak)	13 min	-	7.5 mi
Hayward Amtrak (Capitol Corridor - Amtrak)	15 min	-	9.9 mi
Airport	Drive	Walk	Distance
Metro Oakland International	9 min	-	4.9 mi
San Francisco International	40 min	-	31.6 mi
Norman Y Mineta San Jose International	45 min	-	36.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

David Howarth 510-822-1331 Pinza Group

9326 Bancroft Ave Oakland, CA 94603 Castlemont