For Sale / CA / Alameda County / Oakland / 94601 / 5477 Bancroft Ave

5477 Bancroft Ave Oakland, CA 94601

  • For Sale $2,480,000

  1. 0 full, 0 partial baths
  2. 5,136 sq ft
  3. 9,147 sq ft lot
Built in 1928, the building is constructed of wood frame construction, bitumen roof and concrete perimeter foundation. The property offers 16 units with a mix of (16) cottage style studios. The site resides on a +9,148 square foot lot with a total of +5,136 square feet of living space. Floor plans include hardwood floors and carpet throughout with linoleum and tile kitchen and bathroom floors. Amenities include front entry security gate, motion sensor lighting, 24-hour video surveillance and rear exterior decks. The building offers individually metered gas and electric and individual hot water boilers to mitigate expenses and streamline operations. The property offers considerable upside upon stabilizing the asset to market rents and bringing the property to 100% occupancy which equates to a 6.92% cap rate.
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Property details

Bathrooms
0 full, 0 partial
Square footage
5,136 sq ft
Lot size
9,147 sq ft lot
Year built
1962
Type
Multi Family
Parking spaces
Garage (0), Carport (0), Uncovered (0)

Listing information

MLS #
40894240
Listed by
Cory Waxman, Colliers Parrish International

MLS details

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This data was last updated on February 12, 2020 12:02:19 AM PST.


Location

Neighborhood
Fairfax Business
Subdivision
Oakland Zip Code 94601
County
Alameda County
5477 Bancroft Ave, Oakland, CA 94601

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