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Better Homes Realty
OAKLAND, CA 94605
510-562-8600
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Listing 11 out of 500
$3,150,000 For Sale

5452 Bancroft Avenue
Oakland, CA 94601

21 units | Multi Family Home
4356 sq ft - MLS# 40849880
Property Photo
1/10

Description

This offering is in combination with 5460 Bancroft. A forty-two (42) unit multifamily investment offering, located in the City of Oakland. The subject properties contains 25,660 square feet of building area on an 10,800 square foot lot. The unit mix consists of twenty-one (21) 1+1, fiffteen (15) studios , and six (6) 2+1 units. Approximately 50% of the units have been updated & remodeled. Recent upgrades to the units include updated floors, carpets, and tiles, new light fixtures, ceiling fans, heaters, new cabinetry and granite countertops. Building amenities include onsite parking with two (2) garages, on-site laundry room for additional income, and the property is separately metered for gas & electricity.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apt Complex
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94601
  • Year Built: 1930
  • Age: 89
  • Sq.Ft.: 10,572 sq ft
  • Units: 21 units
  • # of Parking Spaces: 4
  • Lot Size: 4356 sq ft
  • Addtl Features Misc.: Wired For Cable TV
  • All Units Have: Disposal, Oven Range Built-In, Refrigerator
  • Annual Gross Sched Inc: 190732
  • Annual License Exp: 2000
  • Annual Maint Exp: 223894
  • Annual Mgmt Exp: 17520
  • Annual Misc Inc: 2600
  • Annual Rent Inc: 3
  • Annual Taxes: 32656
  • Annual Util Exp: 28289
  • Annual Vacancy: 2
  • Apx Lot Sq Ft: 4800
  • Cap Rate: 5.5
  • Cooling: Ceiling Fan(S)
  • Equipment Additional: Fire Alarm System
  • Exterior: Stucco
  • Flooring: Partial Carpeting, Other, Engineered Wood
  • Gross Income: $191,107
  • Gross Oper Actual Inc: 191107
  • Heating: Baseboard
  • Laundry: Coin Operated, In Laundry Room
  • Lot Description: Regular
  • Net Oper Income: $115,795
  • On-Site Parking Desc: No Parking On Site
  • Operating Expenses: Insurance, Janitorial, Management, Property Tax/Assessments, Trash Removal, Vacancy Factor, Water
  • Other Ann Exp: 38968
  • Tenant Pays: Electric
  • Tot Ann Oper Exp: 223441
  • Water/Sewer: Sewer System - Public
Courtesy of Realty Source, Inc., Karen Mulcahy


 Better Homes Realty | 510-562-8600 | Contact Us
5942 MacArthur Blvd. - OAKLAND, CA 94605
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