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6504 Bancroft Ave 2 Unit Apartment Building $952,358 CAD ($476,179 CAD/Unit) 6.20% Cap Rate Oakland, CA 94605
Investment Highlights
- Duplex consists of two well-proportioned 2BD/1BA units with a detached-style layout— meaning the units do not share a common wall.
- The rear 2BD/1BA unit will be delivered vacant and includes direct access to a private backyard along with one vacant garage.
- Located in prime East Oakland corridor, 6504 Bancroft Ave offers convenient access to I-580 and I-880, AC Transit lines, and nearby BART connections.
Executive Summary
For the OM, go to www.LoreMultifamily.forsale.
Located in a prime East Oakland corridor, 6504 Bancroft Ave offers convenient access to
I-580 and I-880, AC Transit lines, and nearby BART connections—making it well-positioned
for commuters throughout the Bay Area. The property sits near Mills College and Merritt
College, strengthening both rental appeal and long-term resale value. With neighborhood
parks, local dining, and shopping just minutes away—and Downtown Oakland, Lake Merritt,
San Leandro, and Alameda all within a short drive—the location provides central access
without sacrificing neighborhood feel.
This duplex consists of two well-proportioned 2BD/1BA units with a detached-style layout—
meaning the units do not share a common wall, enhancing privacy for both households. The
rear 2BD/1BA unit will be delivered vacant and includes direct access to a private backyard
along with one vacant garage. Positioned away from the street, the rear unit offers a quieter
living experience, ideal for an owner-occupant seeking space and separation. With one
unit already leased and producing income, this property presents a flexible opportunity to
live in one unit while generating rental income from the other
Located in a prime East Oakland corridor, 6504 Bancroft Ave offers convenient access to
I-580 and I-880, AC Transit lines, and nearby BART connections—making it well-positioned
for commuters throughout the Bay Area. The property sits near Mills College and Merritt
College, strengthening both rental appeal and long-term resale value. With neighborhood
parks, local dining, and shopping just minutes away—and Downtown Oakland, Lake Merritt,
San Leandro, and Alameda all within a short drive—the location provides central access
without sacrificing neighborhood feel.
This duplex consists of two well-proportioned 2BD/1BA units with a detached-style layout—
meaning the units do not share a common wall, enhancing privacy for both households. The
rear 2BD/1BA unit will be delivered vacant and includes direct access to a private backyard
along with one vacant garage. Positioned away from the street, the rear unit offers a quieter
living experience, ideal for an owner-occupant seeking space and separation. With one
unit already leased and producing income, this property presents a flexible opportunity to
live in one unit while generating rental income from the other
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $952,358 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $476,179 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6.20% | Building Size | 1,906 SF |
| Gross Rent Multiplier | 10.3 | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $952,358 CAD |
| Price Per Unit | $476,179 CAD |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 1,906 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1945 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,862 CAD | 953 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 039-3276-018-00 | Improvements Assessment | $558,721 CAD |
| Land Assessment | $239,452 CAD | Total Assessment | $798,173 CAD |
Property Taxes
Parcel Number
039-3276-018-00
Land Assessment
$239,452 CAD
Improvements Assessment
$558,721 CAD
Total Assessment
$798,173 CAD
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6504 Bancroft Ave
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