Terrace Apartments 7940 Bancroft Ave 9 Unit Apartment Building $2,500,000 ($277,778/Unit) 6% Cap Rate Oakland, CA 94605
INVESTMENT HIGHLIGHTS
- Stable Tenants
EXECUTIVE SUMMARY
Presenting an exceptional investment opportunity at 7940 Bancroft Avenue, Oakland, CA This expansive property boasts 9 Units with 13 bedrooms and 11 bathrooms, offering a total of 7,561 square feet of living space. Ideally situated in a vibrant Oakland neighborhood, The spacious layout provides ample room for customization to suit your specific needs. The location offers convenient access to local amenities, public transportation, and major highways, making it an attractive option for potential buyers. This property is an opportunity for investors seeking to capitalize on Oakland's dynamic real estate market. Its size, location, and versatility make it a rare find in this sought-after area. Don't miss the chance to own this versatile property with such remarkable potential. In a prime Oakland location. This property is a must-see for serious investors looking to make a significant impact in Oakland's thriving community. Contact us today to schedule a viewing and explore the potential
DATA ROOM Click Here to Access
- Market Information
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | $2,500,000 |
| Price Per Unit | $277,778 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 7,561 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2022 |
| Parking Ratio | 0.4/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Balcony
- Kitchen
- Tub/Shower
SITE AMENITIES
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 9 | $3,600 | - |
1 of 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 040-3378-004-05 | Total Assessment | $484,505 |
| Land Assessment | $146,573 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $337,932 | Tax Year | 2024 |
ZONING
| Zoning Code | R-70, Oakland |
