10926 Bancroft Ave, Oakland, California 94603, Oakland, - bed, bath
ACTIVE$830,000
10926 Bancroft Ave, Oakland, California 94603
0Bed
0Bath
Sqft
5,555Lot
Year Built
1955
Close
-
List price
$830K
Original List price
$830K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41066046
Home ConditionPoor
Features
View-
About this home
Location, Location, Location! Rare a four units investment property located at border of Oakland and San Leandro, Great corner location at Durant and Bancroft. 5 blocks from Dutton and Bancroft shopping. Bus station at the door. Close to freeway and BART Station, 2 bedrooms and 1 bath for all 4 units, Great opportunity!
Nearby schools
2/10
Reach Academy
Public,•K-5•0.6mi
2/10
Grass Valley Elementary School
Public,•K-5•1.9mi
2/10
Elmhurst Community Prep School
Public,•6-8•0.8mi
1/10
Castlemont High
Public,•9-12•1.5mi
2/10
Fremont High
Public,•9-12•3.8mi
2/10
Oakland International High School
Public,•9-12•8.7mi
Price History
Date
Event
Price
07/11/24
Listing
$830,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 5,555 | 5,476 | 57% |
| Price | $830K | $670K | 71% |
| Price per square foot | $0 | $0 | |
| Built year | 1955 | 1948 | 57% |
| HOA | |||
| Days on market | 482 | 218 | 86% |
Condition Rating
Poor
Built in 1955, this property shows significant signs of age with very dated interiors. The kitchen features green tiled countertops and old cabinets, indicative of renovations 30-50 years ago. While functional, the property requires substantial repairs and rehabilitation to modernize the kitchen, bathrooms (likely similar condition), and other major systems to meet current standards.
Pros & Cons
Pros
High Income Potential: As a quadruplex (four units), this property offers diversified rental income streams, making it an attractive investment opportunity.
Strategic Corner Location: The property boasts a prominent corner location at Durant and Bancroft, bordering Oakland and San Leandro, which enhances visibility and accessibility.
Excellent Public Transit Access: With a bus station directly at the door and close proximity to both freeway and BART, the property offers exceptional convenience for tenants relying on public transportation.
Proximity to Local Amenities: Located just 5 blocks from Dutton and Bancroft shopping, tenants have easy access to essential retail and services.
Consistent Unit Configuration: All four units feature a desirable 2-bedroom, 1-bath layout, which is a popular and manageable size for renters, simplifying leasing and property management.
Cons
Property Age: Built in 1955, the property is nearly 70 years old, suggesting potential for outdated systems (plumbing, electrical) and significant capital expenditures for necessary renovations or deferred maintenance.
Undisclosed Unit Condition: The description provides no details on the current condition or recent upgrades of the individual units, implying they may be in original or dated condition, requiring substantial modernization to maximize rental value.
Lack of Parking/Amenity Information: The listing does not specify parking availability or shared amenities (e.g., laundry facilities, outdoor space) for the four units, which could be a drawback for potential tenants and impact market competitiveness.