5645 Bancroft Avenue, Oakland, CA 94605

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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.


Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type None

Listing Information

Address 5645 Bancroft Avenue
City Oakland
State CA
Zip 94605
County Alameda
Listing Agent Helen Chong DRE #01700495
Co-Listing Agent Peter Whang DRE #01996428
Courtesy Of Haylen
Close Price $1,150,000
Status Closed
Type Commercial
Structure Size N/A
Lot Size N/A
Year Built 1965

Listing information courtesy of: Helen Chong, Peter Whang, Haylen. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 18th, 2023 at 1:52 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.