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.
Details
| MLS # | 41138539 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1946 |
| Days On Site | 75 |
| Listing Provided By | Oak Tree Property Group | Stephen Pagones |
Features
| Units | 6 |
|---|---|
| Acreage | 0.08 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Tar Gravel |
|---|---|
| Construction Materials | Stucco, Wood Siding |
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94605 |
| Community Name | ALAMEDA COUNTY |
| Listing VS Median (in ALAMEDA COUNTY) | |
Price: $1,095,000 low | high Med: $0 On site: 75 low | high Med: | |
Market Activity 94605
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94605 |
| Community Name | ALAMEDA COUNTY |
| Listing VS Median (in ALAMEDA COUNTY) | |
Price: $1,095,000 low | high Med: $0 On site: 75 low | high Med: | |
