3 months on rocket

9500 Bancroft Ave, Oakland, CA, 94603

$1,295,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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9500 Bancroft Ave, Oakland$1,295,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1961
HeatingOther
CoolingOther
MLS #41069613
Lot Size0.16 Acres
StatusActive

About 9500 Bancroft Ave

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 9500 Bancroft Ave, a distinguished eight-unit property in Oakland's sought-after Castlemont neighborhood. This property offers eight 2bd/1bth units, each providing 712 SF of living space. The current rental rates, set at approximately 50% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. Fully leased and equipped with individual electric and gas metering, this property stands as an excellent investment avenue with clear growth potential, suitable for established investors. The building is set on a large 7,000 SF lot and offers a 1:1 off-street parking ratio, enhancing its appeal and convenience for tenants. Email agent on property website for more info. 11.03 GRM; 6.76 Market GRM

Property Details

Property Features

Property Information:

  • Year Built: 1961

Listing Office:

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

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: Google Maps Cross Street: 96th Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,295,000

Tax Information:

  • Annual Amount: $12,943
  • 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

$860.7K

Med. Price/SqFt

$591

Avg. Days On Market

33

# of Sold Homes

268

9500 Bancroft Ave vs Oakland

96 DAYS ON ROCKET

+63 Days

$1,295,000

+$434.2K More

KEY TAKEAWAY

This property is $434.2K 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: #41069613

Listing Office:

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

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: 11/17/2024, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$12,943$621,768
2020$12,942$615,394
2019$17,088$603,332
2018$4,998$992,884
2017$4,998$143,020

History based on county public records data.

Payment Calculator

$6,531

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,949

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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.

Nearby Schools

school-card-donut-581105
2
/10

  • Reach Academy

  • 9845 Bancroft Ave

  • 0.26 miles

  • Public District Grades PK-5

school-card-donut-581106
4
/10

  • Cox Academy

  • 9860 Sunnyside St

  • 0.30 miles

  • Public Charter Grades KG-5

school-card-donut-581107
3
/10

  • Aspire Monarch Academy

  • 1445 101st Ave

  • 0.60 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,473. Typical income of Oakland, CA residents is less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 9500 Bancroft Ave

What is the listing price of this property?

The listing price of 9500 Bancroft Ave property is $1,295,000.

What type of property is this?

The property 9500 Bancroft Ave is a house located in Oakland, California, 94603.

Is this property for sale now?

Active Listing: 9500 Bancroft Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,943 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 9500 Bancroft Ave is 1961.

Rocket Homes›California›Alameda County›Oakland›94603›9500 Bancroft Ave

This home is located at 9500 Bancroft Ave in Oakland, CA and zip code 94603 in the Castlemont neighborhood. This home, which was built in 1961, sits on a 0.16 acre lot. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $1,295,000.

While more than 165 listings in Oakland, CA in October 2024 were sold above asking price, there were more than 30 listings sold at asking price, and more than 45 were sold below. The inventory of homes for sale in Oakland, CA between September 2024 and October 2024 increased by 9.9%. While the average time on the market in October 2024 was 33 days, the median list price was $860,714.

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

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