Key information
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Units 2
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Year Built 1945
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Average Unit Size 953
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Building Size 1,906
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Land Area (Sq Ft) 3,500
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Parking 4
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Separate Meters Gas, Electric, Water
Pricing Metrics
CAP Rate:
6.2%
GRM:
10.3
Price per Unit:
$349,000
Price per Square Foot:
$366
Property Summary
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
Gross Rents (Annual):
$67,932
Other Income:
$0
Expense Pass Through:
$0
Effective Gross Income:
$43,060
Vacancy Reserve:
$4,755
Operating Expenses:
$20,117
Net Operating Income:
$43,060
Market Rents (Annual):
$69,000
Rent Gap:
2%
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Operating Expenses
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Property Tax Rate:
N/A
Property Tax (Base):
N/A
Property Tax (Additional Assessments):
N/A
Business License Fee:
N/A
Rent Board Fee:
N/A
Other Program Fee:
N/A
Property Management:
N/A
Resident Manager:
N/A
- Maintenance, Repairs, and Reserves : N/A
- Turnover Costs : N/A
- Landscaping : N/A
- Pest Control : N/A
- Janitorial : N/A
- Insurance : N/A
- Gas & Electricity : N/A
- Garbage : N/A
- Water & Sewer : N/A
- Other Utilities : N/A
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Rent Roll
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