Comm Ri Multi-units 5+ For Sale
4,432 Sqft - 9326 Bancroft, OAKLAND, California 94603
Property Description
This 7-unit property produces an amazing cash flow priced at a 6.5% Cap Rate with plenty of upside still to be realized within the existing rents. This property is located in Oakland’s Opportunity Zone has the potential to convert garages into ADU’s creating even more cash flow. Make this property the newest addition to your portfolio and benefit from Oakland’s tremendously strong rental market.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40976550
Price : $1,500,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,432 Sqft
Year Built : 1966
Lot Area : 3,800 Sqft
Features
Heating System : See Remarks
Cooling System : Other
Roof : Other
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94603
Street : Bancroft
Street Number : 9326
Floor Number : 0
Longitude : W123° 50' 9.9''
Latitude : N37° 45' 5.9''
MLS Addon
Office Name : Infinity Investments
Building Type : Apt Complex
Area : Oakland Zip Code 94603
Address : 9326 Bancroft
Cross Street : 98th avenue
Directions to Property : Right on Bancroft Ave from 98th
LA1User Code : 183506751
LA1Agent First Name : Steven
LA1Agent Last Name : Peterson
Status Category : Active
Tot # Parking Spaces : 0
Tot # of Units : 7
List $/SqFt : $338
Age : 55
Apx Lot Sq Ft : 4,432 Sqft
Type of Building : Apt Complex
Annual Taxes : $24,861
Total Deposits : $0
EQUIPMENT ADDITIONAL : Other
EXTERIOR : Wood Frame
FLOORING : Other
LOT DESCRIPTION : Other
ON-SITE PARKING DESC : See Remarks
TENANT PAYS : Other
WATER/SEWER : Other
Census Tract : 4097
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : See Remarks
Other Loans (Y/N) : No
1st Loan Balance : $3,500
2nd Loan Balance : $138,768
Tot Other Loans : $5,000
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : Offer As Is
Original Price : $1,500,000
Sold Price : $0
Previous Price : $1,500,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 143768
Annual Gross Sched Inc : 143768
Net Oper Income : 97490
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 8100
Other Ann Exp : 2000
Tot Ann Oper Exp : 46278
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
ZIDX Only Street Name : Bancroft
Co List Agent DRE Num. : 01746140
List Agent DRE Num. : 01746140
LA1Agent License ID : 01746140
LA1NRDS_ID : 183506751
Annual Vacancy : 2832
Gross Income : 11980
Listing Broker DRE Numbe : 01746140
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : BAY EAST
Assessors Parcel No : 46-5473-20-3
Showing : Contact Listing Agent
LO1Main Office ID : 42925
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 3
Search Price : 1500000
Address Search Number : 9326
Listing Agent : 303767
Listing Office : 42925
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 1
Input Date : 19/12/2021 22:47:24
Update Date : 19/12/2021 22:49:14
PhotoTimestamp : 19/12/2021 22:47:24
First Photo Add Timestamp : 19/12/2021 22:47:24
List Date : 19/12/2021
Expire Date :
Pending Date :
Closing Date :
Status Date : 19/12/2021
Price Date : 19/12/2021
Off Market Date :
Status : New
Dual Variable : Yes
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 19/12/2021
DOMLS : 0
Cumulative DOMLS : 0
