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Listed by Stephen Pagones, DRE #01760998 • Oak Tree Property Group
$1,095,000
Est. payment /mo
2 Beds
1 Bath
5,001 SqFt
Open Tue 12PM-1PM
6625 Bancroft Ave Oakland, CA 94605
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Open House
Tue Jun 23, 12:00pm - 1:00pm
Thu Jun 25, 12:00pm - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,001 sqft
Price per Sqft $218
MLS Listing ID BE41138539
Bedrooms 2
Year Built 1946
Lot Size 3,670 Sqft
Property Sub-Type Five or More Units
Source Bay East
Property Description
Introducing an exceptional investment opportunity at 6625 Bancroft Avenue in Oakland, California. This well-maintained 5,001-square-foot multifamily property consists of six residential units originally constructed in 1946. Located in Oakland's thriving Bancroft Business District, the property offers investors a rare combination of stable income potential, strong rental demand, and long-term appreciation. The building features six two-bedroom, one-bathroom apartments, providing an attractive unit mix for tenants seeking comfortable and functional living spaces. A key advantage of the property is that each unit is individually metered for both PG&E and water service, significantly reducing owner-paid utility expenses and enhancing overall cash flow. The property's efficient operating structure, coupled with its desirable location, creates an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio. With its classic character, strong fundamentals, and income-generating potential, 6625 Bancroft Avenue represents a compelling acquisition in one of Oakland's established residential corridors. Don't miss this opportunity to own a valuable multifamily asset with the potential for continued growth and long-term returns.
Location
State CA
County Alameda
Area Oakland Zip Code 94605
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Other
Exterior
Exterior Feature Stucco, Wood Frame
Roof Type Tar and Gravel
Building
Lot Description Regular
Others
Tax ID 39-3266-5
Special Listing Condition New, Not Applicable
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