Six-Unit Apartment
6625 Bancroft Ave Oakland, CA 94605
6625 Bancroft Ave, Oakland, CA, 94605
$1,095,000
For Sale
$1,095,000
Five-thousand-square-foot building with six individually metered two-bedroom apartments for more controlled utility expenses.
Property Size5,001 SF
Price / SF$218.96
Days on Market30
Property Features for 6625 Bancroft Ave
General Information
- Standard status
- Active
- Size
- 5,001 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1946
Listing Agency
OAK TREE PROPERTY GROUP
(510) 255-2248
Listed by
Stephen Pagones · License #DRE #01760998
(510) 255-2248
Source
Elliman
Added: Jun 20 Checked: Jul 17 at 6:10 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OAK TREE PROPERTY GROUP
Investment Insights
Based on property information with market context.
This well-maintained multifamily property totals 5,001 square feet and includes six residential units. The building was originally constructed in 1946 and is configured with six two-bedroom, one-bathroom apartments. Utilities are set up so that each unit is individually metered for both PG&E and water service, which helps keep utility billing tied to individual usage rather than being bundled at the building level.
The property is located at 6625 Bancroft Ave in Oakland within the Bancroft Business District. According to available walkability and transit metrics, the area scores very walkable with a walkScore of 82, bikeable with a bikeScore of 58, and good transit access with a transitScore of 54.
From a tenant perspective, the unit mix provides practical two-bedroom layouts and a straightforward one-bath configuration across all six homes. For owners and buyers, the combination of consistent apartment configuration and individually metered utilities is a practical fit for anyone looking for a stabilized, manageable multifamily asset with clear, unit-level utility responsibility.
The property is located at 6625 Bancroft Ave in Oakland within the Bancroft Business District. According to available walkability and transit metrics, the area scores very walkable with a walkScore of 82, bikeable with a bikeScore of 58, and good transit access with a transitScore of 54.
From a tenant perspective, the unit mix provides practical two-bedroom layouts and a straightforward one-bath configuration across all six homes. For owners and buyers, the combination of consistent apartment configuration and individually metered utilities is a practical fit for anyone looking for a stabilized, manageable multifamily asset with clear, unit-level utility responsibility.
Key Highlights
- 5,001‑square‑foot multifamily property built in 1946 with 6 residential units
- Unit mix: six 2‑bedroom, 1‑bath apartments
- Each unit is individually metered for PG&E and water, helping reduce owner‑paid utility expenses
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.0k | $34.80 |
| − Vacancy | −$9.0k | −$1.81 |
| EGI | $165.0k | $32.99 |
| − OpEx | −$74.2k | −$14.85 |
| NOI | $90.7k | $18.14 |
5,001 SF · lease $34.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,742 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,230 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-thousand-square-foot building with six individually metered two-bedroom apartments for more controlled utility expenses.
Where is this apartment building located?
The property is located at 6625 Bancroft Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 5,001‑square‑foot multifamily property built in 1946 with 6 residential units; Unit mix: six 2‑bedroom, 1‑bath apartments; Each unit is individually metered for PG&E and water, helping reduce owner‑paid utility expenses
