9326 Bancroft Ave, Oakland CA 94603 | $1,250,000
Listing provided courtesy of Joey Wang of Keller Williams Realty. Last updated 2025-05-06 08:11:51.000000. Listing information © 2025 SANDICOR.
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!
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0.09 Acres
