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30068896
30068897

4527 Bancroft Ave, Oakland, CA 94601

LS
CA 02388966
Matthews
CE
CA 01963473
Matthews
Listed by Matthews
$3,025,000
92 days on market
Updated 50 days ago

4527 Bancroft Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,500
Units 18
Cap Rate 7.74%
NOI $234,286
Price per SqFt $224
Year Built 1988

Fully Occupied, Rent-Control Exempt 18-Unit Multifamily in Prime Oakland Location

Investment highlights

  • Exempt From Local Rent Control: Built after Oakland’s 1983 rent control cutoff, allowing for operational flexibility and market-aligned rental growth. This exemption enhances long-term revenue scalability relative to older housing stock.

  • 19 On-Site Parking Spaces: Ample on-site parking supports tenant convenience in a supply-constrained East Oakland submarket where off-street parking is a competitive advantage.

  • 100% Two-Bedroom / One-Bath Units: Consistent two-bedroom layout caters to workforce households and small families, supporting durable rental demand and strong tenant retention.

  • 100% Occupied Asset: Stabilized occupancy demonstrates consistent demand for well-located workforce housing in the Oakland market.

  • Established Tenant Base: Approximately 75% of residents have occupied their units for 10+ years, reflecting tenant satisfaction and community stability.

  • Embedded Rental Upside: Scheduled rent increase in April 2026 provides near-term income growth, with additional upside potential through turnover of long-term tenants.

  • Proximity To Retail & Daily Necessities: Located near neighborhood-serving retail along Bancroft Avenue and International Boulevard, including grocery, dining, and essential services that support daily livability.

  • Access To Major Employment Nodes: Within commuting distance of Downtown Oakland, Port of Oakland, Kaiser Permanente Medical Center, and the broader Bay Area technology and logistics employment base.

  • Bay Area Supply-Constrained Market: Oakland remains a structurally supply-limited rental market with high barriers to entry, supporting long-term rent growth fundamentals and asset appreciation.

  • Regional Transit Connectivity: Accessible to I-580 and I-880, providing direct connectivity to Downtown Oakland (≈15 minutes), San Francisco (≈25–30 minutes), and major East Bay employment centers.

Listing Contacts

LS
CA 02388966
Matthews
CE
CA 01963473
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$234,286.00
$19,523.83/mo

Valuation Metrics

0
DSCR
7.74%
Cap Rate
7.74%
ROI

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Additional Information

Name
David Harrington
License
02168060, 01320460
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
Name
Logan Stone
License
02388966
Brokerage
Matthews Real Estate Investment Services
Brokerage Phone
4152872954
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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