9326 Bancroft Ave
Oakland, CA 94603
0.09 acres | #41092808
Description
Located in Oakland’s Castlemont neighborhood, 9326 Bancroft Avenue is a well-maintained 7-unit apartment building in a high-demand rental market. Just six blocks from Bishop O’Dowd High School and near Highway 580, Mills College, and Sequoyah Country Club, the property offers strong tenant appeal and long-term appreciation potential. The unit mix includes six 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, with several units featuring modern upgrades such as remodeled kitchens, updated bathrooms, new flooring, double-pane windows, and fresh paint. Major capital improvements, including a new roof and completed soft-story retrofit, enhance durability and reduce maintenance costs. With an 8.7% CAP rate, stable Section 8 and Abode Services income, and over $14,000 in monthly rent, this is a rare investment opportunity. Six vacant garages provide additional income potential or ADU development. Don’t miss out on this exceptional multifamily asset!
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Lot DescriptionStreetLevel
- Original List Price$1,250,000
- MLS #41092808
- MLS #41092808
- CountyAlameda
- Cost1250000
- Acres0.0872
- Year Built1966
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Joey Wang (#BMLS-R01890931)
Listing Office: Keller Williams Realty (#BMLS-OBBKWR)
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