9500 Bancroft Avenue

Oakland, CA 94603

$1,295,000
Price
Beds
5,700 Sq. Ft.
$227 / Sq. Ft.
5,700
Sq. Ft.
$227
per Sq. Ft.

Description

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 9500 Bancroft Ave, a distinguished eight-unit property in Oakland's sought-after Castlemont neighborhood. This property offers eight 2bd/1bth units, each providing 712 SF of living space. The current rental rates, set at approximately 50% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. Fully leased and equipped with individual electric...www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 9500 Bancroft Ave, a distinguished eight-unit property in Oakland's sought-after Castlemont neighborhood. This property offers eight 2bd/1bth units, each providing 712 SF of living space. The current rental rates, set at approximately 50% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. Fully leased and equipped with individual electric and gas metering, this property stands as an excellent investment avenue with clear growth potential, suitable for established investors. The building is set on a large 7,000 SF lot and offers a 1:1 off-street parking ratio, enhancing its appeal and convenience for tenants. Email agent on property website for more info. 11.03 GRM; 6.76 Market GRM
  1. Listed by Steven Pinza • DRE #01867691 • The Pinza Group, Inc

Property Details for 9500 Bancroft Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Other
Total # Parking Spaces
8
LISTING UPDATED: 08/20/2024 01:18 AM

Property Details for 9500 Bancroft Avenue

StatusActive
MLS #41069613
Days on Compass126
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.16 AC / 7,000 SF
CountyAlameda County

Building Information for 9500 Bancroft Avenue

Stories-Residences8Year Built1961Building Size-Lot Size0.16 AC / 7,000 SF

Property Information for 9500 Bancroft Avenue

Features
Feature Details
  • Flooring: None
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: None
  • Lot Description: Other
  • Lot Sq Ft Apx: 7000
  • Lot Size Square Feet: 7000.0
  • Roof: Other
  • Sq Ft Apx: 5700
  • Year Built: 1961
Location Details
  • Directions to Property: Google Maps
  • FIPS Code: 06001
  • Census Tract: 4102
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 8
  • Basement: Other
  • Tenant Pays: Other
  • Financial Data Source: None
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Other
Other Financial Information
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 9500 Bancroft Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9500 Bancroft Avenue

Taxable ValueLand$282,780Additions$377,040Total$659,820
Tax Record2024$15,299 ($1,275 / month)
Home Facts
Total Finished SqFt5,700 SqFtAbove Grade Finished SqFt5,700 SqFtStories2Lot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyALAMEDAAPN46-5474-21-4

Schools near 9500 Bancroft Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Reach Academy Elementary
PublicK to 5

Elmhurst United Middle
Public6 to 8

Castlemont High
Public9 to 12

Alliance Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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9500 Bancroft Avenue is a multi-family home for sale in Oakland, CA 94603. This property was listed for sale on August 13, 2024 by The Pinza Group, Inc, it's currently listed at $1,295,000. This listing's school district is Oakland Unified School District. Nearby schools include Reach Academy Elementary, Elmhurst United Middle and Castlemont High. 9500 Bancroft Avenue is a 0-bed, 0-bath, 5,700 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Pinza Group, Inc, Steven Pinza, DRE #01867691

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.