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!
|
DAYS ON MARKET
|
9
|
LAST UPDATED
|
4/10/2025
|
|
YEAR BUILT
|
1966
|
COUNTY
|
Alameda
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dryer, Gas Water Heater, Washer |
| CONSTRUCTION |
Concrete, Stucco, Wood Siding |
| GARAGE |
Covered, Garage, Garage Door Opener, Yes |
| HEAT |
Forced Air, Natural Gas, Wall Furnace |
| HOA DUES |
0 |
| LOT |
3800 sq ft |
| LOT DESCRIPTION |
Street Level, Yard |
| PARKING |
Covered,Garage,Garage Door Opener |
| SEWER |
Public Sewer |
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Listed with Keller Williams Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/18/25 10:02 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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