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4527 Bancroft Ave, Oakland, CA, 94601

4527 Bancroft Ave
$3,025,000

Key Information

Cap Rate
7.37%
$ per SF
$224
Tot. SF
13,500
$ per unit
$168,055
Units
18
Year Built
1988
Type
Multifamily
Occupancy
100%
NOI
$221,016

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.

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Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA), 01320460 (CA)
Matthews Real Estate Investment Services, LLC
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245