6504 6504 Bancroft Ave, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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Oakland, California 94605
This Flexible Residential Income Duplex is listed at a List Price of $698,000—positioned well below the $699,340 Fair Market Value by 0.2%. This valuation gap provides $1,340 in Instant Equity. The property features a Detached-Style Layout with no shared walls, offering enhanced privacy and a Condition Rating of 4. With the rear unit delivered vacant and including a Private Backyard with patio and garage, the home offers immediate "house-hack" potential near Mills College. This is an ideal opportunity for Owner-Occupants or Buy-and-Hold Investors.
Property is moderate renovation needed.
Built in 1945, this duplex is well-maintained but shows clear signs of age with outdated features. The kitchens and bathrooms are functional but feature older cabinetry, laminate or basic tile countertops, and aged appliances. The interior retains original hardwood flooring and utilizes older wall-mounted heating units rather than a modern central HVAC system. While the property is livable and provides immediate rental potential, it lacks the comprehensive modern renovations or recent construction required for a 'good' or 'excellent' rating.
The units do not share common walls, providing enhanced privacy and a single-family home feel that is highly desirable for both tenants and owner-occupants.
With the rear unit delivered vacant and featuring a private backyard and garage, the property offers an ideal opportunity for an owner-occupant to move in while collecting immediate rental income from the front unit.
Situated near major freeways (I-580 and I-880) and multiple transit options including BART and AC Transit, the property is perfectly positioned for easy access to major employment hubs.
Built in 1945, the property may require ongoing maintenance or capital improvements to its older systems and structural components compared to more modern developments.
The front unit is currently tenant-occupied, which limits the new owner's immediate ability to renovate or adjust the rental rate to current market levels for that specific portion of the property.
Prime East Oakland duplex near Mills College and Merritt College with convenient access to I-580, I-880, AC Transit, and nearby BART connections. 6504 Bancroft Ave features two 2BD/1BA units with a detached-style layout, meaning the units do not share a common wall for enhanced privacy. The rear 2BD/1BA unit will be delivered vacant and includes direct access to a private backyard along with one garage, offering a quieter setting away from the street. The front unit is tenant-occupied, providing immediate rental income. Well-proportioned layouts and two total garage spaces add functionality and appeal. Centrally located with easy access to Downtown Oakland, Lake Merritt, San Leandro, and Alameda, this is a flexible owner-occupant or investment opportunity in a commuter-friendly location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,906 | 1,906 | 50% |
| Lot Size | 3,500 | 4,000 | 29% |
| Price | $698.0K | $699.0K | 43% |
| Price per sq ft | $366 | $294 | 57% |
| Built year | 1945 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 204 | 14% |
Mar 4, 2026
$698,000
Initial Listing
Dec 22, 2021
$550,000
Public Record
Aug 11, 2010
$150,000
Public Record
Dec 13, 2002
$289,000
Public Record