6619-6625 Bancroft Ave - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$1,095,000 USD
510-255-2248
6619-6625 Bancroft Ave, Oakland, CA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/10
null | 7.45% Cap Rate

6619-6625 Bancroft Ave
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • 6 Two-Bedroom, One-Bath Units
  • 5,001-SqFt Multifamily Building | Built In 1946
  • Individually Metered PG&E and Water for Lower Operating Costs
  • Functional Unit Layouts Providing Comfortable Living Spaces
  • Efficient Operating Structure Supporting Strong Cash Flow
  • Solid Long-Term Appreciation Potential in Established Corridor

OVERVIEW

Introducing an exceptional investment opportunity at 6625 Bancroft Avenue in Oakland, California. This well-maintained 5,001-square-foot multifamily property consists of six residential units originally constructed in 1946. Located in Oakland's thriving Bancroft Business District, the property offers investors a rare combination of stable income potential, strong rental demand, and long-term appreciation. The building features six two-bedroom, one-bathroom apartments, providing an attractive unit mix for tenants seeking comfortable and functional living spaces. A key advantage of the property is that each unit is individually metered for both PG&E and water service, significantly reducing owner-paid utility expenses and enhancing overall cash flow. The property's efficient operating structure, coupled with its desirable location, creates an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio. With its classic character, strong fundamentals, and income-generating potential, 6625 Bancroft Avenue represents a compelling acquisition in one of Oakland's established residential corridors. Don't miss this opportunity to own a valuable multifamily asset with the potential for continued growth and long-term returns. Please DO NOT Disturb Tenants. Disclosure: https://app.disclosures.io/link/6625-Bancroft-Avenue-0i8k8nd4 Virtual Tour: • Unit 6621: https://my.matterport.com/show/?m=Wz2F2FSdcMo Open House Schedules: • Tuesday, June 23rd, between 12:00 PM and 1:00 PM • Thursday, June 25th, between 12:00 PM and 1:00 PM OFFERS DUE: Offers will be reviewed upon receipt. Submit Offers Here: https://app.disclosures.io/link/6625-Bancroft-Avenue-0i8k8nd4

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

6

PRICE/UNIT

$182,500

CAP RATE

7.45%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

JUST LISTED | 7.45% CAP | 6 UNITS | OAKLAND

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1946

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,670 SF

ZONING

R40, Oakland

APN/PARCEL ID

039-3266-005-00

ASK ABOUT THIS PROPERTY

Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

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Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

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