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5116 Bancroft AvenueOakland, CA 94601

BANCROFT · Alameda County

$695,000List price
1949Year built
0.11Acre lot
3 weeks agoOn market

Description

BEST PRICED 5 UNIT PROPERTY ON THE MARKET! Outstanding investment opportunity offering a 7.92% CAP RATE, 6.81 GRM, and $102,000 in gross potential income! This turnkey 5 unit property features all studio layouts, with three units tastefully renovated within the past few months. Numerous property improvements have already been completed, including the roof, providing strong cash flow and limited near term capital needs. Gated entry adds privacy and security. With strong income, recent renovations, and compelling investment metrics, this property stands out as an exceptional value. MUST SEE!

Property Information

Property type
Residential Income
Year built
1949
Lot size
0.11 acres
Parking spaces
2
Days on market
22
MLS® Listing#
41147669

Property Features

Cooling
None
Heating
Electric
Construction
Stucco
Parcel number
35238713

Directions

Cross Street: 51st Avenue.

Listing Courtesy: KELLER WILLIAMS TRI VALLEY REALTY - 9253974200

Presented by: Nolan Jones

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-09T00:00:00.000Z and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Licensed in the state of California.

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