Introducing an exceptional investment opportunity at 6625 Bancroft Avenue in Oakland, California. This well-maintained 5,001-square-foot multifamily property consists of six residential units originally constructed in 1946. Located in Oakland's thriving Bancroft Business District, the property offers investors a rare combination of stable income potential, strong rental demand, and long-term appreciation. The building features six two-bedroom, one-bathroom apartments, providing an attractive unit mix for tenants seeking comfortable and functional living spaces. A key advantage of the property is that each unit is individually metered for both PG&E and water service, significantly reducing owner-paid utility expenses and enhancing overall cash flow. The property's efficient operating structure, coupled with its desirable location, creates an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio. With its classic character, strong fundamentals, and income-generating potential, 6625 Bancroft Avenue represents a compelling acquisition in one of Oakland's established residential corridors. Don't miss this opportunity to own a valuable multifamily asset with the potential for continued growth and long-term returns.
Multi-familyProperty Type
1946Year Built
3,670 sq ftLot Size
$219Price/Sq.Ft.
Listed by Stephen Pagones•DRE #01760998• Oak Tree Property Group
Listed by Michael Pagones•DRE #01749383• Oak Tree Property Group
Bancroft Business, located between Bancroft Avenue and International Boulevard, is a commercial and industrial Oakland neighborhood with auto-oriented storefronts and wide, high-traffic corridors. The neighborhood’s character concentrates around Bancroft Ave near 73rd Ave, where repair bays, small warehouses, and corner markets line the street in a steady rhythm of deliveries and curbside stops. Low-slung one-story buildings, roll-up doors, and fenced lots define the streetscape more than front porches. Side streets shift quieter, with utilitarian blocks and occasional murals breaking up the concrete palette. Transit lines along International Boulevard keep the area connected to the rest of East Oakland.
bridgeMLS, Bay East AOR, or Contra Costa AOR #41138539
Jun 16, 2026
Listed
$1,095,000
$219/sq ft
APPFOLIO #1
Oct 24, 2023
Rental Removed
$1,645
$0/sq ft
Oct 8, 2023
Price Changed
$1,645
$0/sq ft
Sep 27, 2023
Listed for Rent
$1,695
$0/sq ft
bridgeMLS, Bay East AOR, or Contra Costa AOR #40844352
May 13, 2019
Sold
$1,165,000
$233/sq ft
Oct 30, 2018
Listed
$1,197,000
$239/sq ft
+2
Six (6) Two Bed/One Bath Units with private entrances, gated secure access, and backyard common area. Electric kitchens include stove and refrigerator, some units contain updated kitchens and baths. Individual hot water heaters in units. Individually metered for gas, electric, and hot water. Conveniently located near Oakland's growing Havenscourt and Bancroft Business district. Close proximity to regional bus transportation and Coliseum BART Station.
bridgeMLS, Bay East AOR, or Contra Costa AOR #40558103
Mar 20, 2012
Sold
$340,000
$68/sq ft
Jan 18, 2012
Listed
$349,000
$70/sq ft
6-plex in convenient location. New exterior plaster and paint. All units newly painted, 5 units with new carpet, some baths updated. Upper units have view of Oakland hills. 3 units rented and 3 units vacant but ready to go. Easy to show. NOT short sale or REO.
Public Records
Nov 6, 2006
Sold
$670,000
$134/sq ft
Public Records
Mar 31, 2000
Sold
$260,000
$52/sq ft
Public Records
Mar 11, 1998
Sold
$84,000
$17/sq ft
Public Records
May 2, 1997
Sold
$52,000
$10/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$22,355 (+4.3%)
$334,650 + $960,445
$1,295,095
2024
$21,424 (−4.0%)
$334,650 + $960,445
$1,295,095
2023
$22,320 (+4.2%)
$328,089 + $941,615
$1,269,704
2022
$21,410 (+5.0%)
$315,351 + $905,057
$1,220,408
2021
$20,396 (+1.5%)
$315,351 + $905,057
$1,220,408
2020
$20,099 (+148.3%)
$309,168 + $887,312
$1,196,480
2019
$8,094 (+2.2%)
$306,000 + $878,220
$1,184,220
2018
$7,921 (+6.9%)
$95,706 + $282,615
$378,321
2017
$7,412 (+3.6%)
$91,991 + $271,644
$363,635
2016
$7,152 (+0.7%)
$91,991 + $271,644
$363,635
2015
$7,103 (−5.0%)
$90,187 + $266,318
$356,505
2014
$7,480 (+1.8%)
$87,093 + $257,182
$344,275
2013
$7,351 (+61.3%)
$87,093 + $257,182
$344,275
2012
$4,556 (−5.1%)
$86,700 + $256,020
$342,720
2011
$4,799 (−70.4%)
$48,300 + $111,400
$159,700
2010
$16,224 (+10.5%)
$47,353 + $109,216
$156,569
2009
$14,686 (−1.0%)
$235,000 + $401,000
$636,000
2008
$14,829
$243,536 + $452,282
$695,818
Public record
Public record
Zoning
Permits
Beds
6
Baths
6
Stories
3
Lot width
—
Lot depth
—
Lot size
3,670 Sq. Ft.
Year renovated
1946
Finished Sq. Ft.
5,001
Unfinished Sq. Ft.
—
Total Sq. Ft.
5,001
Year built
1946
Style
Multi-Family (5+ Unit)
County
Alameda County
APN
039 326600500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 7, 2026.
RU-4
S-13
S-13
Urban Residential - 4 Zone
The intent of the RU-4 Zone is to create, maintain, and enhance areas of the City that are appropriate for multi-unit, mid-rise, and high rise residential structures on the Citys major corridors.
Zone overlays
Affordable Housing
Affordable Housing Combining Zone Regulations
Permitted uses
Include but are not limited to:
Day care facility
Housing-Student
Housing-Other
Bed & breakfast
Fire house
Police station
Jan 19, 2014 • Final
B) - building alteration - 3+ residential units or commercial (building)
Complete fire damage repairs at a residential unit and a common stairway.
Electrical
Remodel
Jan 19, 2014 • Final
Non-residential building - repair
Perform fire repairs at a residential unit and a common stairway.
Demolition
Fire sprinkler
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 84° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
14 unhealthy days expected this year, 14 days in 30 years
Provided by First Street
Historical weather
Oakland, CA • 94605
Average low and high temperatures (°F)
61
46
63
47
70
50
68
50
73
52
73
53
78
57
79
57
79
58
76
56
65
50
60
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 6625 Bancroft Ave
There isn’t enough information to generate an accurate estimate at this time. Learn More