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5645 Bancroft AVE Oakland, CA 94605
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Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,013 sqft
Price per Sqft $229
MLS Listing ID ML81930885
Sold Date 12/18/23
Bedrooms 3
Full Baths 2
Year Built 1965
Lot Size 5,900 Sqft
Property Description
One of the most well maintained 5-unit building, with 3 fully renovated units plus a bonus unit for additional income, located in the Seminary neighborhood in Oakland. Desirable unit mix of (4) 2 bedrooms, (1) 1 bedroom, plus bonus unit. Significant capital improvements completed, including new sewer lateral and replacement of original cast iron to PVC (to the main line), and cleanout; new exterior paint including fence and gate, maintenance repairs to garage, roof, gutters. Gated building with 24-hour security camera system installed throughout the exterior. Key code access for entry, individual garages with additional drive-way space, plus ample street parking. Less than 10 minutes to two BART stations, convenient access to 880 and 580 freeways, great central location. May deliver up to 1 vacant unit at closing. Pro forma cap rate 7+. All information deemed reliable but not guaranteed, potential buyer to verify all.
Location
State CA
County Alameda
Zoning RM
Rooms
Other Rooms Other
Interior
Heating Wall Furnace
Cooling None
Laundry None
Exterior
Garage Attached Garage, Off-Street Parking, On Street
Garage Spaces 5.0
Utilities Available Public Utilities
Roof Type Shingle
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 038-3223-010-02
Security Features Closed Circuit Monitoring (24-hour),Controlled / Secured Access,Secured Garage / Parking,Security Fence
Special Listing Condition Not Applicable
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Bought with RECIP • Out of Area Office