Oakland, CA 94603,9326 Bancroft Ave
Oakland, CA 94603,9326 Bancroft Ave
Oakland, CA 94603,9326 Bancroft Ave
Oakland, CA 94603,9326 Bancroft Ave
Oakland, CA 94603,9326 Bancroft Ave
Oakland, CA 94603,9326 Bancroft Ave
Jason Avila
Jason Avila

Agent | License ID: 01974860

+1(909) 233-7918

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$ 1,250,000

$ 1,250,000

Est. payment | /mo

3,798 Sqft Lot


$ 1,250,000

$ 1,250,000

Est. payment | /mo

3,798 Sqft Lot

Key Details

Sold Price $1,250,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41092808

Sold Date 06/27/25

HOA Y/N No

Year Built 1966

Lot Size 3,798 Sqft

Property Description

Located in Oakland's Castlemont neighborhood and situated within a designated Opportunity Zone, 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!

Location

State CA

County Alameda

Interior

Heating Forced Air, Natural Gas, Wall Furnace

Fireplace No

Appliance Gas Water Heater, Dryer, Washer

Exterior

Roof Type Composition

Total Parking Spaces 7

Building

Lot Description Street Level

Others

Tax ID 465473203

Financing Conventional

CRMLS – RECore
Listed by Joey Wang Keller Williams Realty
Bought with Josh Zielinski Compass
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+1(909) 233-7918

jasonavila.re@gmail.com

10620 Treena Street, Suite 230, San Diego, CA, 92131, USA

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9326 Bancroft Ave