4527 Bancroft Ave - Apartments FOR SALE


Oakland, CA 94601- Middle East Oakland
$3,000,000 USD
650-759-3414
4527 Bancroft Ave, Oakland, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/15
null | 7.3% Cap Rate

4527 Bancroft Ave
Oakland, CA 94601
Middle East Oakland


HIGHLIGHTS

  • Spacious 2 Bedroom Units with private patios
  • Security Fence with 8 security cameras
  • Large on-site parking lot

OVERVIEW

The Batlin group is pleased to present 4527 Bancroft Avenue in Oakland, California. This newly listed investment property offers a compelling opportunity with 18 units spread across three separate buildings, situated on a spacious 23,255-square-foot lot. Constructed in 1987, the property is exempt from Oakland’s rental adjustment program, providing flexibility for income optimization. Each of the 18 units features a desirable 2-bedroom, 1-bathroom layout, complete with a private deck or patio, enhancing tenant appeal. The property boasts 20 parking spaces, a valuable amenity for tenants in a competitive market. Additional features include an on-site laundry room, a heavy-duty security fence surrounding the property, and 8 security cameras, ensuring tenant safety and convenience. With its solid construction, strategic layout, and value-add potential, this property presents an attractive option for investors seeking stable cash flow and long-term growth in a prime Oakland location.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

18

PRICE/UNIT

$166,667

CAP RATE

7.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,291 SF

ZONING

-

APN/PARCEL ID

035-2358-050-01

ASK ABOUT THIS PROPERTY

Sam RuncoMarcus & MillichapMore Info
650-759-3414

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Sam RuncoMarcus & MillichapMore Info
650-759-3414

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.