• 6955 Bancroft Oakland, CA 94605

  • $4,449,000

  • Bed(s)
  • 0
    Baths
  • 0
    Sq Ft

8% Existing CAP, 12.6% Market CAP. SELLER IS DESPERATE TO SELL! ENTERTAINING ALL OFFERS Income and Expense, Rent Roll and T-12 in attached documents. All units have heating systems, the exterior features are stucco, and the roof is rock gravel. The unit mix is 19 large one bedrooms and 6 large two bedrooms. This building has a brand-new roof with a lifetime GAF warranty against any leaks or repairs for the roof's lifetime! With 33% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. All information provided by owner and not verified by sellers brokerage

Property Type :

ResidentialIncome

County :

Alameda

Style :

ResidentialIncome

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Property Details

 

Water/Sewer

Sewer: Public Sewer

Interior Features

Laundry Features: Other

Flooring Information

Wood

Heating & Cooling

Heating: Other

Cooling: Ceiling Fan(s)

Water Source: Public

Building Information

Year Built: 1963

Stories: 2

Construction: Stucco

Foundation Details: Concrete

Exterior Features

Foundation Details: Concrete

Laundry Features

Other

Lot Information

Lot Description: Corner,Shape Regular

Lot Square Feet: 22,500

Property Information

Property Type: ResidentialIncome

Sub Type: 5 or More Units

Construction Materials: Stucco

Property Age: 61

Cross Street: Ritchie St

Source Neighborhood: Oakland Zip 94621

Area: Oakland S: 94605

Zoning: RM3

Structure Type: Apartments

Farm Info

Irrigation Source: None

Listing Price Information

Listing Id: 224005941

List Price: $4,449,000

Tax Information

Parcel Number: 040-338-022

Parking Information

Parking Total: 25

Other

Homeowners Association Information

Association YN : No

Calculated Total Monthly Association Fees : $0

School Information

Elementary School District: Oakland Unified

Junior High School District: Oakland Unified

Senior High School District: Oakland Unified

Utility Information

Other

Location Information

Direction: 73rd Ave to Bancroft Ave

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ByOwner last updated this listing 05/21/2024 @ 03:58

MLS: 224005941
LISTED BY: Dhruv Goswamy, Dream Home Real Estate & Home Loans
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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