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5645 Bancroft AVE Oakland, CA 94605
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Key Details
Sold Price $1,150,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81930885
Sold Date 12/18/23
HOA Y/N No
Year Built 1965
Annual Tax Amount $14,000
Lot Size 5,898 Sqft
Property Description
One of the most well maintained 5-unit building, with 3 fully renovated units plus a bonus unit for additional income, located in the Seminary neighborhood in Oakland. Desirable unit mix of (4) 2 bedrooms, (1) 1 bedroom, plus bonus unit. Significant capital improvements completed, including new sewer lateral and replacement of original cast iron to PVC (to the main line), and cleanout; new exterior paint including fence and gate, maintenance repairs to garage, roof, gutters. Gated building with 24-hour security camera system installed throughout the exterior. Key code access for entry, individual garages with additional drive-way space, plus ample street parking. Less than 10 minutes to two BART stations, convenient access to 880 and 580 freeways, great central location. May deliver up to 1 vacant unit at closing. Pro forma cap rate 7+. All information deemed reliable but not guaranteed, potential buyer to verify all.
Location
State CA
County Alameda
Zoning RM
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling None
Fireplace No
Laundry None
Exterior
Roof Type Shingle
Total Parking Spaces 5
Building
Water Public
Schools
School District Other
Others
Tax ID 038322301002
Financing Other
Special Listing Condition Standard
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Bought with RECIP • Out of Area Office