Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 4527 Bancroft Ave, Oakland, CA. Sitting on a 0.53-acre lot, this 14,544 square foot property is 3 buildings that consist of (18) spacious two-bedroom/one-bathroom units as well as an on-site laundry room. Constructed in 1987, this property is exempt from the City of Oakland Rental Adjustment Program (Rent Control). The buildings are 2 stories tall each and the property offers a total of 20 parking spaces, which include 2 handicap spaces. The site is safely secured by a surrounding heavy-duty gate and 8 security cameras. 4527 Bancroft Ave is conveniently located less than 1 mile from Fruitvale BART station and close by highway 880 and 580 onramps, providing tenants easy access to the greater San Francisco Bay Area and Silicon Valley. At approximately $211,111/unit and $261.28/square foot, this is an excellent opportunity for an investor to gain entry into this core East Bay market.