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Better Homes Realty
OAKLAND, CA 94605
510-562-8600
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Listing 9 out of 491
$3,255,000 For Sale

5460 Bancroft Ave
Oakland, CA 94601

21 units | Multi Family Home
6098 sq ft - MLS# 40849968
Property Photo
1/6

Description

Offer is in combination with 5452 Bancroft Ave. Offering is a forty-two (42) unit multifamily investment opportunity located at 5452 & 5460 Bancroft Avenue, in the City of Oakland. The three-story buildings, consisting of two separate parcels, was constructed of wood frame and stucco on a raised foundation built in 1930 & 1931 with a square footage of 25,660 on a 10,800-square foot lot. The buildings have been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of twenty-one (21) 1+1 units, fifteen (15) studios, and six (6) 2+1 units. The subject property has seven (7) current vacancies, and is subject to the City of Oakland's rent control regulation.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apt Complex
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94601
  • Year Built: 1931
  • Age: 88
  • Sq.Ft.: 15,088 sq ft
  • Units: 21 units
  • # of Parking Spaces: 4
  • Lot Size: 6098 sq ft
  • View: City Lights, Downtown, Hills, Mountains
  • Zoning: RU
  • Addtl Features Misc.: Wired For Cable TV
  • All Units Have: Oven Range Built-In, Refrigerator
  • Annual Gross Sched Inc: 226716
  • Annual License Exp: 2000
  • Annual Maint Exp: 1333
  • Annual Mgmt Exp: 21730
  • Annual Misc Inc: 21589
  • Annual Rent Inc: 224116
  • Annual Taxes: 30994
  • Annual Util Exp: 29374
  • Annual Vacancy: 2
  • Apx Lot Sq Ft: 6000
  • Cap Rate: 5.5%
  • Cooling: Ceiling Fan(S), Other
  • Equipment Additional: Fire Alarm System, Intercom
  • Exterior: Stucco, Other
  • Flooring: Laminate, Other, Engineered Wood
  • Gross Income: $226,716
  • Gross Oper Actual Inc: 226716
  • Heating: Baseboard, Electric
  • Laundry: Coin Operated, In Laundry Room
  • Lot Description: Regular
  • Net Oper Income: $121,523
  • On-Site Parking Desc: Attached Garage, Enclosed Garage, Off Site Parking
  • Operating Expenses: Accounting/Legal, Electric, Gas, Insurance, Janitorial, License/Ads, Maintenance/Repair, Management, Miscellaneous/Other, Property Tax/Assessments, Trash Removal, Utilities, Vacancy Factor, Water
  • Other Ann Exp: 2600
  • Separate Meters: Electric, Gas
  • Some Units Have: Dishwasher, Oven Range Built-In, Refrigerator
  • Tenant Pays: Cable TV, Electric, Gas
  • Tot Ann Oper Exp: 102371
  • 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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