9874 Bancroft Oakland, CA 94603
10-unit apartment building with a current cap rate of 9.43% and a current GRM of 7.34. The property was built in 1960, offers approximately 8, 050 square feet of rental space and sits on a 7, 700 square foot lot with off-street parking spaces and a spacious backyard. The units have been remodeled over time and offer updated kitchens and bathrooms, double pane windows, wood floors, stainless steel appliances and more. The property is almost 100% occupied, easy to manage, and has friendly tenants. This is a low maintenance property and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition with little to no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is one of the best locations in East Oakland located on a tree-lined street across from Reach Academy. There are a variety of restaurants, coffee shops, schools, and parks throughout the area with easy access to HWY580 and various fo
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyAlameda
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site76 Days
- MLS StatusPending
- MLS ID Number41050927
- Home Size Source N/A
- Year Built1960
- Lot Size0.1768 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Other
- Parking Spaces 9
- Acreage 0.1768
- Water Other
Interior Features
- Cooling See Remarks
- Heating See Remarks
Community Features
- Association Dues 0