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    5477 Bancroft Avenue

    Oakland, CA 94601
    • $2,480,000
    • STATUS: Active
    • ON SITE: 122 days
    • ID#: MR40894240
    UPDATED: 72 min ago
    $2,480,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    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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    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-06-06T22:47:37.09. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Live Play Silicon Valley | Keller Williams Realty Silicon Valley.

    Licensed in the State of California.
    www.liveplaysiliconvalley.com/homes/102914640

    5477 Bancroft Avenue Oakland, CA 94601

    • Price: $2,480,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: MR40894240
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    Oakland Zip Code 94601
    County:
    Alameda
    Area:
    Oakland Zip Code 94601
    Property Description
    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.
    Exterior Features

    Building Type Garden Apartments Exterior Stucco Garage Parking Off-Site Parking Lot Description Grade - Level Roof Rolled Composition Units In Complex Max 16 Yard Grounds Garden

    Interior Features

    Cooling None Flooring LaminateCarpet - Wall To WallWood Heating Wall Furnace Sq Ft Unit1 321 Structure Sq Ft 5136

    Property Features

    Additional Listing Info Not Applicable Amenities Balcony/Patio City Name Oakland Communications Cable Tv - Wired Cross Street 55th Avenue Lot Size Area Maximum 9148.00 Meters Separate ElectricSeparate Gas Water Public

    © 2020 MLSListings Inc. All rights reserved. Listing provided courtesy of Cory Waxman of Colliers Parrish International.


    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-06-06T22:47:37.09. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Live Play Silicon Valley | Keller Williams Realty Silicon Valley.

    Licensed in the State of California.
     
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