Address
5477 Bancroft Avenue Oakland, CA
Price
$ 2,480,000
Property Attributes
  • ML#40894240
  • TypeMulti-Family
  • CountyALAMEDA
  • CityOakland
  • AreaOakland Zip Code 94601
  • Zip94601
  • StyleGarden Apts
  • Year Built1962
  • Taxes33728
  • Price$ 2,480,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5136
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Cory Waxman with Colliers Parrish International.
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.

Price History
2/4/2020 Listed $2,480,000

General Features

Age 58

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 94601

Price
AVG $1.33M
$2.48M
Taxes
AVG $15,900
$33,728
Visits
AVG 14
27
Year Built
AVG 1942
1962
Walkscore
AVG 87
84
Data Provided by Walkscore ® not using MLS data

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