2 months on rocket

Sale Pending

9874 Bancroft, Oakland, CA, 94603

$1,595,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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9874 Bancroft, Oakland$1,595,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1960
HeatingOther
CoolingOther
MLS #41050927
Lot Size0.18 Acres
StatusSale Pending
(Pending)

About 9874 Bancroft

10-unit apartment building with a current cap rate of 9.43% and a current GRM of 7.34. The property was built in 1960, offers approximately 8,050 square feet of rental space and sits on a 7,700 square foot lot with off-street parking spaces and a spacious backyard. The units have been remodeled over time and offer updated kitchens and bathrooms, double pane windows, wood floors, stainless steel appliances and more. The property is almost 100% occupied, easy to manage, and has friendly tenants. This is a low maintenance property and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition with little to no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is one of the best locations in East Oakland located on a tree-lined street across from Reach Academy. There are a variety of restaurants, coffee shops, schools, and parks throughout the area with easy access to HWY580 and various fo

Property Details

Property Features

Property Information:

  • Year Built: 1960

Listing Office:

  • Office Name: The Pinza Group, Inc
  • Office Phone: (510) 725-4775
  • Listing Agent: David Howarth

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Castlemont High School, Public District Grades 9-12
  • Coliseum College Preparatory Academy, Public District Grades 6-12
  • Elmhurst Community Preparatory, Public District Grades 6-8
  • Reach Academy, Public District Grades KG-5

Other

Directions Information:

  • Directions: 98th Ave right on Bancroft Avre Cross Street: Warner Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,595,000
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Housing Market Comparison

See how this home compares to others in Oakland, CA.

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Oakland, CA

City

Med. Sold Price

$866K

Med. Price/SqFt

$605

Avg. Days On Market

30

# of Sold Homes

206

9874 Bancroft vs Oakland

63 DAYS ON ROCKET

+33 Days

$1,595,000

+$728.9K More

KEY TAKEAWAY

This property is $728.9K more than the Median Sold Price in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41050927

Listing Office:

  • Office Name: The Pinza Group, Inc
  • Office Phone: (510) 725-4775
  • Listing Agent: David Howarth

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 10:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$8,028

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,848

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3060098
2
/10

  • Reach Academy

  • 9860 Sunnyside St

  • 0.08 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3060099
2
/10

  • Elmhurst Community Preparatory

  • 1800 98th Ave

  • 0.29 miles

  • Public District Grades 6-8

High School

school-card-donut-3060100
1
/10

  • Castlemont High School

  • 8601 Macarthur Blvd

  • 0.87 miles

  • Public District Grades 9-12

school-card-donut-3060101
3
/10

  • Coliseum College Preparatory Academy

  • 1390 66th Ave

  • 2.09 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,473. Most Oakland, CA residents have annual incomes less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 9874 Bancroft

What is the listing price of this property?

The listing price of 9874 Bancroft property is $1,595,000.

What type of property is this?

The property 9874 Bancroft is a house located in Oakland, California, 94603.

Is this property for sale now?

Sale Pending: 9874 Bancroft is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 9874 Bancroft are:
Reach Academy: GreatSchools Rating 2/10
Elmhurst Community Preparatory: GreatSchools Rating 2/10
Castlemont High School: GreatSchools Rating 1/10
Coliseum College Preparatory Academy: GreatSchools Rating 3/10

Which year was this property built?

The year of construction for 9874 Bancroft is 1960.

Rocket Homes›California›Alameda County›Oakland›94603›9874 Bancroft

This home is located at 9874 Bancroft in Oakland, CA and zip code 94603 in the Las Palmas neighborhood. This home, which was built in 1960, sits on a 0.18 acre lot. It has been listed on Rocket Homes since February 25, 2024 and is currently priced at $1,595,000.

In March 2024 more than 126 listings in Oakland, CA were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 40 were sold below. The number of homes for sale in Oakland, CA increased by 22.2% between February 2024 and March 2024. The median list price of listings available in March 2024 was $866,006, while the average time on the real estate market was 30 days.

From Rocket Homes Real Estate and based on county public records data.

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