7911 Bancroft Ave | Oakland, CA 94605
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- LoopNet Team
7911 Bancroft Ave
Oakland, CA 94605
8% CAP, 10.5% Cash on Cash, 8.9 GRM · Multifamily Property For Sale · 25 Units
Investment Highlights
- Existing Cap 8 %, Market Cap 12.6 %
- Existing Gross Rent Multiplier 8.9 Market Gross Rent Multiplier 6.32
- Nostalgic building in great downtown Oakland area near Lake Merritt
- Existing Cash on Cash Return 10.5 % Market Cash on Cash Return 25 %
- 33% Upside in the Rents
- High growth city and area influencing great appreciation potential
PROPERTY FACTS
| No. Units | 25 | Lot Size | 0.52 AC |
| Property Type | Multifamily | Building Size | 17,391 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1965 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 17,391 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
Unit Amenities
- Balcony
- Heating
- Kitchen
Site Amenities
- Gated
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | 750 |
| 2+1 | 6 | - | 900 |
PROPERTY TAXES
| Parcel Number | 040-3378-022-02 | Improvements Assessment | $2,144,430 |
| Land Assessment | $919,122 | Total Assessment | $3,073,677 |
PROPERTY TAXES
Parcel Number
040-3378-022-02
Land Assessment
$919,122
Improvements Assessment
$2,144,430
Total Assessment
$3,073,677
zoning
| Zoning Code | R70, Oakland |
| R70, Oakland |
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