Oakland, CA 94605,5645 Bancroft AVE
Oakland, CA 94605,5645 Bancroft AVE
Oakland, CA 94605,5645 Bancroft AVE
$1,150,000
Est. payment /mo
$1,390,000
17.3%
Est.Price: ?

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5,898 Sqft Lot
SOLD DATE : 12/18/2023

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

Interior

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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California Regional MLS (CRMLS)
Listed by Helen Chong • Haylen
Bought with RECIP • Out of Area Office

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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