10926 Bancroft Ave, Oakland, California 94603, Oakland, 94603 - bed, bath
10926 Bancroft Ave
Oakland, California 94603
Property Price
SUMMARY
Analysis of 10926 Bancroft Ave, Oakland, California 94603 is currently available with a list price of $830,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1955, this property shows significant signs of age with very dated interiors. The kitchen features green tiled countertops and old cabinets, indicative of renovations 30-50 years ago. While functional, the property requires substantial repairs and rehabilitation to modernize the kitchen, bathrooms (likely similar condition), and other major systems to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
As a quadruplex (four units), this property offers diversified rental income streams, making it an attractive investment opportunity.
- Strategic Corner Location
The property boasts a prominent corner location at Durant and Bancroft, bordering Oakland and San Leandro, which enhances visibility and accessibility.
- Excellent Public Transit Access
With a bus station directly at the door and close proximity to both freeway and BART, the property offers exceptional convenience for tenants relying on public transportation.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1955, the property is nearly 70 years old, suggesting potential for outdated systems (plumbing, electrical) and significant capital expenditures for necessary renovations or deferred maintenance.
- Undisclosed Unit Condition
The description provides no details on the current condition or recent upgrades of the individual units, implying they may be in original or dated condition, requiring substantial modernization to maximize rental value.
- Lack of Parking/Amenity Information
The listing does not specify parking availability or shared amenities (e.g., laundry facilities, outdoor space) for the four units, which could be a drawback for potential tenants and impact market competitiveness.
About 10926 Bancroft Ave
Location, Location, Location! Rare a four units investment property located at border of Oakland and San Leandro, Great corner location at Durant and Bancroft. 5 blocks from Dutton and Bancroft shopping. Bus station at the door. Close to freeway and BART Station, 2 bedrooms and 1 bath for all 4 units, Great opportunity!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1955
- Lot Size
- 5,555 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Reach Academy
Grades K-5 • 0.6 mi
Grass Valley Elementary School
Grades K-5 • 1.9 mi
Elmhurst Community Prep School
Grades 6-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | - | - | 50% |
| Lot Size | 5,555 | 6,250 | 43% |
| Price | $830.0K | $775.0K | 57% |
| Price per sq ft | $0 | $0 | 50% |
| Built year | 1955 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 604 | 150 | 0% |
Pricing History
Listed for Sale
Jul 11, 2024
$830,000
Initial Listing