Skip To Content
    Return to Previous Page

    5477 Bancroft Avenue

    Oakland, CA 94601
    • $2,480,000
    • STATUS: Active
    • ON SITE: 257 days
    • ID#: 40894240
    UPDATED: 66 min ago
    $2,480,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Built in 1928, the building is constructed of wood frame construction, bitumen roof and concrete perimeter foundation. The property offers 16 units with a mix of (16) cottage style studios. The site resides on a 9,148 square foot lot with a total of 5,136 square feet of living space. Floor plans include hardwood floors and carpet throughout with linoleum and tile kitchen and bathroom floors. Amenities include front entry security gate, motion sensor lighting, 24-hour video surveillance and rear exterior decks. The building offers individually metered gas and electric and individual hot water boilers to mitigate expenses and streamline operations. The property offers considerable upside upon stabilizing the asset to market rents and bringing the property to 100% occupancy which equates to a 6.92% cap rate.

    Monthly Payment Calculator



    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-19T16:39:51.04.

    www.searcheastbayrealestate.com/homes/102914253
    Print Image

    5477 Bancroft Avenue Oakland, CA 94601

    • Price: $2,480,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: 40894240
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1962
    Built
    Neighborhood:
    Oakland
    County:
    Alameda
    Area:
    Oakland
    Property Description
    Built in 1928, the building is constructed of wood frame construction, bitumen roof and concrete perimeter foundation. The property offers 16 units with a mix of (16) cottage style studios. The site resides on a 9,148 square foot lot with a total of 5,136 square feet of living space. Floor plans include hardwood floors and carpet throughout with linoleum and tile kitchen and bathroom floors. Amenities include front entry security gate, motion sensor lighting, 24-hour video surveillance and rear exterior decks. The building offers individually metered gas and electric and individual hot water boilers to mitigate expenses and streamline operations. The property offers considerable upside upon stabilizing the asset to market rents and bringing the property to 100% occupancy which equates to a 6.92% cap rate.
    Exterior Features

    Additional Misc Features Balcony/PatioGardenWired For Cable Tv Exterior Stucco Lot Description Level Parking Description Off Site Parking Parking Spaces Total 0 Roof Rolled Composition

    Interior Features

    All Units Have DeckDishwasherOven Range Free StandingRefrigerator Apx Sq Ft Unit1 321 Basement None Cooling None Flooring CarpetLaminateWood Heating Wall Furnace

    Property Features

    Annual Expense Year 76048 Annual Gross Fee Income 201168 Annual Gross Sched Income 186133 Annual Insurance Expense 4500 Annual License Expense 3307 Annual Maintenance Exp 5000 Annual Management Expense 4940 Annual Miscellaneous Inc 0 Annual Rental Inc 201168 Annual Taxes 33728 Annual Total Oper Exp 78066 Annual Utility Expense 19706 Annual Vacancy Expense 25146 Building Type Garden Apts City Transfer Tax Yes Equipment Additional Other Existing Lease Terms None Financial Data Source Owner Gross Oper Actual Inc 201168 Net Operating Income 106067 Operating Expenses Accounting/LegalElectricGasInsuranceLicense/AdsMaintenance/RepairManagementOtherProperty Tax/AssessmentsTrash RemovalUtilitiesVacancy FactorWater Other Annual Expense 0 Point Of Sale Ordinance Yes Separate Meters ElectricGas Special Information None Tenant Pays ElectricGasTrash Tot Bldg Sq Ft 5136 Total Deposits 0 Water Sewer Water - Public

    Listing courtesy of Cory Waxman of Colliers Parrish International.


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-19T16:39:51.04.

     
    https://bt-photos.global.ssl.fastly.net/eastbay/orig_boomver_1_40894240-2.jpg https://bt-photos.global.ssl.fastly.net/eastbay/orig_boomver_1_40894240-2.jpg https://bt-photos.global.ssl.fastly.net/eastbay/orig_boomver_1_40894240-2.jpg
    Logo
    RE/MAX Accord
    313 Sycamore Valley Road West
    Danville CA, 94526