15 days on rocket

5477 Bancroft Ave, Oakland, CA, 94601

$2,080,000

Home List Price

$10,000*

Closing Credit

0 Baths
5,136 SqFt
$405/SqFt
Multi
Schools Nearby

Location

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5477 Bancroft Ave, Oakland$2,080,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1928
HeatingWall Furnace
CoolingNone
MLS #424033599
Lot Size0.21 Acres
StatusActive

About 5477 Bancroft Ave

Welcome to 5477 Bancroft Ave, Oakland, CA 94601, a prime investment opportunity featuring 16 updated studio units. This 1928-built multifamily property spans 5,120 SF on a 0.21-acre lot. Recent upgrades include new paint, kitchen flooring, updated bathrooms, and new water heaters, ensuring tenant satisfaction and low maintenance costs.

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Stories: 0
  • Living Area: 5,136 SqFt

Listing Office:

  • Office Name: Nation Home Realty
  • Office Phone: (650) 991-1900
  • Listing Agent: William J Lee

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Laminate, Wood

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot: Garden
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • Life Academy, Public District Grades 6-12
  • Metwest High School, Public District Grades 9-12
  • Melrose Leadership Academy, Public District Grades KG-8
  • Frick Middle School, Public District Grades 6-8
  • Horace Mann Elementary School, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,080,000
  • Price Per SqFt: $405/SqFt

Tax Information:

  • Annual Amount: $22,282
  • Tax Year: 2021
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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

$871K

Med. Price/SqFt

$608

Avg. Days On Market

26

# of Sold Homes

211

5477 Bancroft Ave vs Oakland

15 DAYS ON ROCKET

-11 Days

$2,080,000

+$1.2M More

$405/SqFt

-$203 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $203/SqFt less than other homes in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: San Francisco Association of REALTORS®
  • MLS Number: #424033599

Listing Office:

  • Office Name: Nation Home Realty
  • Office Phone: (650) 991-1900
  • Listing Agent: William J Lee

IDXListings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. 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.
© 2024 San Francisco Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 9:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 07, 2005Home Sold
$820,000
Nov 12, 1993Home Sold
$245,000

Tax History

YEARPROP. TAXASSESSMENT
2021$22,282$1,051,760
2020$22,282$1,040,978
2019$19,804$1,020,574
2018$16,653$1,000,571
2017$16,653$980,960

History based on county public records data.

Payment Calculator

$10.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,302

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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-6277746
3
/10

  • Horace Mann Elementary School

  • 5222 Ygnacio Ave

  • 0.27 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6277747
6
/10

  • Melrose Leadership Academy

  • 4730 Fleming Ave

  • 0.62 miles

  • Public District Grades KG-8

school-card-donut-6277748
1
/10

  • Frick Middle School

  • 2845 64th Ave

  • 0.76 miles

  • Public District Grades 6-8

High School

school-card-donut-6277749
6
/10

  • Life Academy

  • 2101 35th Ave

  • 1.39 miles

  • Public District Grades 6-12

school-card-donut-6277750
5
/10

  • Metwest High School

  • 1100 3rd Ave

  • 3.62 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,569. Residents of Oakland, CA typically earn less than $35k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›California›Alameda County›Oakland›94601›5477 Bancroft Ave

This home is located at 5477 Bancroft Ave in Oakland, CA and zip code 94601 in the Wentworth Holland neighborhood. This 5,136 square foot home, which was built in 1928, sits on a 0.21 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $2,080,000.

In April 2024 more than 143 listings in Oakland, CA were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 30 were sold below. The inventory of homes for sale in Oakland, CA between March 2024 and April 2024 increased by 22.9%. While the average time on the market in April 2024 was 26 days, the median list price was $871,010.

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

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