7876 Bancroft Avenue, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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Oakland, California 94605
This Turnkey Duplex Asset is a Strong Value Opportunity with a List Price of $588,520—positioned well below the $634,694 Fair Market Value by 7%. This valuation gap offers $46,174 in Instant Equity. Featuring a Condition Rating of 2, the property includes a fully remodeled unit with a Modern Quartz Kitchen, Stainless Steel Appliances, and Private Patios. With a New Roof and one unit already tenant-occupied for immediate cash flow, this property balances lifestyle benefits with financial growth. It is perfectly suited for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Property is new construction or fully renovated.
The property features a unit that has undergone a complete, high-end renovation including a modern kitchen with quartz countertops, stainless steel appliances, new flooring, and an updated bathroom. With a brand-new roof and the renovated unit being previously unoccupied since the updates, the property meets the criteria for extensive recent renovation with no deferred maintenance.
One unit has been fully renovated with modern finishes, including quartz countertops and stainless steel appliances, allowing for immediate owner-occupancy or market-rate rental income without additional capital expenditure.
The property features a tenant-occupied unit that provides instant rental income upon acquisition, making it a stable investment for those looking to offset mortgage costs immediately.
The inclusion of a brand-new roof and a shared two-car attached garage reduces near-term maintenance liabilities and adds functional value rarely found in older duplexes.
The local public schools are rated poorly, with scores ranging from 1 to 3, which may limit the property's appeal to families and impact long-term appreciation potential.
With one unit already occupied, the buyer is subject to existing lease terms and Oakland's stringent tenant protection laws, which may restrict immediate rent adjustments or full property control.
7874-7876 Bancroft Avenue presents a strong investment opportunity in Oaklands Eastmont neighborhood. This duplex includes two 2-bedroom, 1-bathroom units, each approximately 916 square feet, offering excellent rental potential. One unit is tenant occupied, providing immediate rental income, while the second unit has been fully remodeled and is currently vacant, allowing flexibility for market-rate rent or owner occupancy. The updated unit has never been occupied since its renovation and features a stylish modern kitchen with quartz countertops, stainless steel appliances, new flooring, fresh paint, and an updated bathroom. Spacious bedrooms and abundant natural light create a comfortable and inviting living environment. The property also includes a new roof, private yard areas for each unit, and a shared two-car attached garage. Convenient access to BART, Oakland Airport, the Bay Bridge, and nearby retail and dining makes this a well-positioned property for long-term investment or owner occupancy.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-8 • 0.4 mi
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 | 1,832 | 1,832 | 50% |
| Lot Size | 3,031 | 4,000 | 29% |
| Price | $588.5K | $699.0K | 14% |
| Price per sq ft | $321 | $294 | 57% |
| Built year | 1956 | 1956 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 204 | 14% |
Mar 13, 2026
$588,520
Initial Listing
Mar 5, 2025
$625,000
Public Record
Dec 18, 2017
$423,000
Public Record