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Listed by Stephen Pagones • Oak Tree Property Group
$1,095,000
Est. payment /mo
3,670 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41138539
Year Built 1946
Lot Size 3,670 Sqft
Source California Regional Multiple Listing Service (CRMLS)
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
Interior
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900