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5116 Bancroft Ave 5-Plex
B+ Composite 77.22
Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Livability +3.6/5.0
  • Rent growth +3.5/5.0
  • Schools +3.0/10.0
  • Condition / age +2.2/5.0
  • Appreciation +0.0/10.0

$475,000

5116 Bancroft Ave · Oakland, CA 94601
None bd · 5.0 ba · 2,050 sqft · MultiFamily public records · 8 Days on market
Built 1949 Fair condition 4,800 sqft lot $232/sqft · 24% below area Est $622k · 24% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 5 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

* * Contractor's Special * * 5116 Bancroft presents an efficient opportunity to acquire a fully vacant five-unit studio property in a well-connected Oakland location with steady rental demand. Built in 1945, the building totals approximately 2,050 square feet and sits on a 4,800-square-foot lot. All five units are studio layouts, and the property features a gated entry for residents. With its compact footprint, functional unit mix, and close proximity to major transit corridors, 5116 Bancroft offers a straightforward path for operational improvement and long-term value creation.

Key facts

  • Five unit studio
  • Gated entry
  • 4,800 sq ft lot

Tags

FIVE UNIT STUDIOGATED ENTRYWELL CONNECTED LOCATION

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 5 × 1-bed/1-bath units multifamily listed at $475k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $2k ($30k/yr) — positive. Per door: $497/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($8k rent vs $475k).
  • Cap rate 12.6% vs local median 2.5% in Oakland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 71/100 on livability (#224 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
  • Oakland Unified (urban): math 27% / reading 33% proficiency, ranked #1,007 of 1,400 in CA (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Melrose Leadership Academy (656 students, 47% FRL); Frick United Academy of Language Middle (334 students, 98% FRL); Fremont High (1,146 students, 97% FRL).
  • Market conditions: Rents rising (+3.9%/yr); 146 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 74d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
  • Alameda County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 3.9% rent growth), your $133k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
  • Current owner paid $222k; list at $475k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $475,000

Questions for the listing agent

  1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  4. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.62%
Cap rate
12.57%
Cash-on-cash
22.41%
DSCR
2.00
GRM
5.1

CMA / ARV

ARV (median comp)
$621,937
List price
$475,000
Delta
-23.63%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2004 47th Ave 0.23mi —/— 2,029 (-1%) 14mo $638,000 $314 76
4422 Ygnacio Ave 0.38mi 4/4.0 1,911 (-7%) 2mo $550,000 $288 65
5431 Bancroft Ave 0.27mi 6/4.0 2,039 (-0%) 23mo $750,000 $368 63
1433 50th Ave 0.24mi 5/3.0 2,226 (+9%) 7mo $565,000 $254 61
1507 48th Ave 0.25mi 9/4.0 2,308 (+13%) 6mo $750,000 $325 58
5823 Walnut St 0.74mi —/— 2,130 (+4%) 22mo $365,000 $171 40
5909 Harmon Ave 0.59mi 5/3.0 2,127 (+4%) 23mo $655,000 $308 39
5821 E 17th St 0.51mi —/2.0 1,791 (-13%) 10mo $535,000 $299 35
5834 Elizabeth St 0.61mi 6/2.0 2,120 (+3%) 23mo $680,000 $321 34
1304 62nd Ave 0.72mi 4/2.0 1,834 (-10%) 4mo $521,930 $285 34
6123 Bromley Ave 0.65mi 4/2.0 1,852 (-10%) 12mo $645,000 $348 32
2416 Seminary Ave 0.69mi 4/2.0 2,280 (+11%) 16mo $700,000 $307 24

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.89% rent growth · sell at horizon

5-year hold
IRR
16.3%
Equity multiple
1.67×
Total profit
$88,459
Equity at exit
$70,824
10-year hold
IRR
25.6%
Equity multiple
3.34×
Total profit
$310,997
Equity at exit
$41,069

Cash invested: $133,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (CITY)
0 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City Oakland
0 Strongly Tenant-Friendly · D+62
Rent Adjustment Program + Just Cause.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
5 active · 2 under contract
Months of supply
10.0 mo (10%/mo absorbed)
Median asking
$675,000 ($344/sqft)
Median days on market
120 d
This list price
20% of active listings are priced below it
ARV vs active asking
-11.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 94601

Rents YoY
3.9%
Active inventory
146
Price-to-rent
25.7×

Monthly cashflow live

Estimated rent
$7,695 high interval (Pro) →
Mortgage (P&I)
$2,491
Tax from tax record
$907 /mo · $10,881/yr
Insurance
$198
HOA
$0
Vacancy / Maint / Mgmt
$1,616
Net cashflow
$2,483

5-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (5 units) $7,695

Break-even live

Break-even rent $4,551
Max offer price $475,000
Occupancy floor 63%

Sensitivity live

Price -10% $2,752 -5% $2,618 +0% $2,483 +5% $2,349 +10% $2,215
Rent -10% $1,875 -5% $2,179 +0% $2,483 +5% $2,787 +10% $3,091
Rate -1.0pp $2,723 -0.5pp $2,604 base $2,483 +0.5pp $2,360 +1.0pp $2,235

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$118,750
Closing costs
$14,250
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5015 Melrose Ave Unit C Oakland, CA 1.0 1.0 400 $1,673 $4.18 16d 1 0.12mi
1942 47th Ave Unit 5 Oakland, CA 1.0 373 $1,495 $4.01 9d 1 0.20mi
1638 47th Ave Oakland, CA 1.0–2.0 1.0 426 $1,570 $3.69 22d 2 0.22mi
5318 Fairfax Ave Unit 5318 Oakland, CA 2.0 1.0 $2,100 0d 1 0.24mi
5410 Princeton St Unit 5410 Oakland, CA 1.0 1.0 245 $1,225 $5.00 19d 1 0.26mi
2169 48th Ave Apt B Oakland, CA 2.0 1.0 720 $2,095 $2.91 93d 1 0.27mi
2169 48th Ave Unit C Oakland, CA 2.0 1.0 825 $2,145 $2.60 93d 1 0.27mi
1464 55th Ave Unit 1462A Oakland, CA 2.0 1.0 700 $2,695 $3.85 25d 1 0.32mi
5452 Bancroft Ave Unit 305 Oakland, CA 1.0 1.0 496 $1,595 $3.22 73d 1 0.33mi
5460 Bancroft Ave Unit 100 Oakland, CA 1.0 1.0 842 $1,595 $1.89 9d 1 0.34mi
1234 47th Ave Oakland, CA 2.0 1.0 1000 $2,195 $2.19 93d 1 0.38mi
2028 High St Apt 9 Oakland, CA 2.0 1.0 $2,195 52d 1 0.39mi
1234 47th Ave Unit 1 Oakland, CA 2.0 1.0 $2,195 73d 1 0.39mi
5416 Foothill Blvd Unit T5418 Oakland, CA 1.0 400 $1,425 $3.56 0d 1 0.39mi
5416 Foothill Blvd Unit T5418 Oakland, CA 1.0 1.0 $1,525 93d 1 0.39mi
5022 Trask St Oakland, CA 1.0 1.0 942 $2,050 $2.18 21d 1 0.42mi
4500 San Carlos Ave Unit 4502 Oakland, CA 2.0 1.0 850 $2,295 $2.70 93d 1 0.43mi
1212 53rd Ave Oakland, CA 2.0 2.0 894 $2,700 $3.02 93d 1 0.43mi
5471 Foothill Blvd Unit 5 Oakland, CA 1.0 1.0 $1,495 93d 1 0.45mi
1715 High St Oakland, CA 1.0 $1,275 54d 1 0.46mi
4237 Foothill Blvd Unit 4239C Oakland, CA 1.0 1.0 639 $1,695 $2.65 93d 1 0.46mi
2212 High St Unit 2218 F Oakland, CA 2.0 2.0 695 $2,095 $3.01 73d 1 0.46mi
2212 High St Unit 2218 C Oakland, CA 2.0 1.0 $2,195 93d 1 0.46mi
2212 High St Unit 2212 A Oakland, CA 1.0 1.0 $1,650 73d 1 0.46mi
4692 Congress Ave Oakland, CA 2.0 1.0 1080 $2,950 $2.73 69d 1 0.47mi
5701 International Blvd Oakland, CA 1.0 1.0 1200 $2,295 $1.91 0d 2 0.48mi
1341 58th Ave Oakland, CA 1.0 1.0 1100 $2,095 $1.90 71d 1 0.50mi
1341 58th Ave Ste 12 Oakland, CA 1.0 1.0 1100 $2,095 $1.90 69d 1 0.50mi
1910 42nd Ave Oakland, CA 1.0 1.0 $1,700 93d 1 0.50mi
1729 Seminary Ave Unit 2 Oakland, CA 1.0 520 $1,295 $2.49 73d 1 0.54mi
1733 Seminary Ave Oakland, CA 2.0 1.0 $2,195 24d 2 0.54mi
1733 Seminary Ave Unit Los Robles Estupendo apartamentos de 2 Recamaras Oakland, CA 2.0 1.0 $2,195 17d 1 0.54mi
1243 58th Ave Unit 1247 Oakland, CA 1.0 1.0 475 $1,925 $4.05 0d 1 0.56mi
2444 Frances St Oakland, CA 2.0 1.5 960 $2,700 $2.81 73d 1 0.56mi
2444 Frances St #4 Oakland, CA 2.0 1.5 960 $3,000 $3.12 93d 1 0.56mi
5549 Foothill Blvd Unit 5549-J Oakland, CA 1.0 1.0 1554 $2,095 $1.35 93d 1 0.57mi
844 52nd Ave Oakland, CA 1.0 1.0 $2,900 93d 1 0.57mi
2049 41st Ave Oakland, CA 2.0 1.0 1200 $2,850 $2.38 93d 1 0.57mi
1967 Seminary Ave #1 Oakland, CA 1.0 1.0 $1,600 93d 1 0.58mi
5300 Walnut St Apt 9 Oakland, CA 1.0 1.0 650 $1,750 $2.69 42d 1 0.60mi

Property features AI

Finance

Financial info
Designed as a commercial/residential multi-unit (5+ units)

Exterior

Parking
Parking lot with 5 total parking spaces
Security
Security gate
Utilities
Public waterPublic sewer
Home design
Multi-unit property with 5 total unitsBuilt in 1949
Construction
Stucco exteriorBrick skirting
Exterior features
Lot includes a security gate

Interior

Bedrooms
Five-unit building (number of individual bedrooms per unit not listed)
Heating & cooling
Has heating
Interior features
Security gate on the lot

Listing history 35 events

  1. 2026-07-09
    days on market $475,000 Active 8 DOM
  2. 2026-07-07
    days on market $475,000 Active 6 DOM
  3. 2026-07-06
    days on market $475,000 Active 5 DOM
  4. 2026-07-06
    days on market $475,000 Active 4 DOM
  5. 2026-07-05
    days on market $475,000 Active 3 DOM
  6. 2026-07-03
    days on market $475,000 Active 2 DOM
  7. 2026-07-02
    days on marketlisting id $475,000 Active 1 DOM
  8. 2026-07-01
    days on market $475,000 Active 169 DOM
  9. 2026-06-30
    days on market $475,000 Active 168 DOM
  10. 2026-06-29
    days on market $475,000 Active 167 DOM
  11. 2026-06-28
    days on market $475,000 Active 166 DOM
  12. 2026-06-27
    days on market $475,000 Active 165 DOM
  13. 2026-06-26
    days on market $475,000 Active 164 DOM
  14. 2026-06-24
    days on market $475,000 Active 162 DOM
  15. 2026-06-22
    days on market $475,000 Active 160 DOM
  16. 2026-06-21
    days on market $475,000 Active 159 DOM
  17. 2026-06-18
    days on market $475,000 Active 156 DOM
  18. 2026-06-17
    days on market $475,000 Active 155 DOM
  19. 2026-06-16
    days on market $475,000 Active 154 DOM
  20. 2026-06-15
    days on market $475,000 Active 153 DOM
  21. 2026-06-13
    days on market $475,000 Active 151 DOM
  22. 2026-06-13
    days on market $475,000 Active 150 DOM
  23. 2026-06-09
    days on market $475,000 Active 147 DOM
  24. 2026-06-08
    days on market $475,000 Active 146 DOM
  25. 2026-06-07
    days on market $475,000 Active 145 DOM
  26. 2026-06-04
    days on market $475,000 Active 142 DOM
  27. 2026-06-03
    days on market $475,000 Active 141 DOM
  28. 2026-06-02
    days on market $475,000 Active 140 DOM
  29. 2026-06-01
    days on market $475,000 Active 139 DOM
  30. 2026-05-31
    days on market $475,000 Active 138 DOM
  31. 2026-01-13
    listed $475,000 Active 581-char remark
  32. 2005-03-17
    soldstatus $222,000
  33. 2002-08-01
    soldstatus $160,500
  34. 1988-07-20
    soldstatus $95,500
  35. 1979-10-26
    soldstatus $30,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

Current annual tax
$10,881 · $907/mo
Projected year-2 tax
$10,881 · $907/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 4/10 Moderate 7 d/yr ≥83°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 14 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$92,340
− Mortgage interest
−$26,607
− Property taxes
−$10,881
− Insurance
−$2,375
− Repairs & maintenance
−$7,387
− Management
−$7,387
− Depreciation
−$13,818
Taxable income
$23,884
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$5,732
After-tax cash flow
$24,069/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 3 photos

Fair 45/100 Moderate rehab Est. rehab $51,250–$92,250 screening

The property requires significant repairs and maintenance, including re-roofing, repainting, and replacing the flooring. Upgrading the HVAC and other systems will also improve the property's value. The property is currently in fair condition and presents an opportunity for substantial value creation.

Repairs flagged

  • Major roof — Significant wear and potential leaks.
  • Major exterior siding — Severe wear and discoloration.
  • Major flooring — Old and in need of replacement.
  • Major interior walls — Significant wear and discoloration.
  • Major HVAC and other systems — Likely in need of maintenance or replacement given the overall condition of the property.

Value-add opportunities

  • Both Painting the exterior and interior walls — Fresh paint can significantly improve the curb appeal and interior aesthetics, enhancing both resale and rental value.
  • Both Re-roofing — A new roof will address potential leaks and improve the overall appearance of the property, attracting more buyers and renters.
  • Both Replacing the flooring — New flooring will improve the living spaces and make the property more attractive to potential buyers and renters.
  • Both Maintaining and possibly replacing HVAC and other systems — Upgrading or maintaining the HVAC and other systems will improve the comfort and energy efficiency of the property, making it more appealing to tenants and buyers.
  • Both Landscaping and curb appeal — A well-maintained and aesthetically pleasing exterior can enhance the property's curb appeal and attract more potential buyers and renters.

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Zoned Schools

Elementary Horace Mann Elementary Middle Frick United Academy Of Language Middle High Fremont High

Schools (NCES district)

District
Oakland Unified
NCES district ID
0628050
Math proficiency
27% ▬ 0.00%
Reading proficiency
33% ▬ 0.00%
Median HH income
$55,194
Composite
29.52/100
National rank
#11769
State rank
#1007 of 1400 in CA
B Composite livability gradescore 71/100

Livability — Oakland

Score
71/100
State rank
#224
US rank
#7245

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Oakland, CA
County
Alameda County · 1,928,884 people
City population
385,993
Metro
San Francisco-Oakland-Berkeley, CA
Population (ZIP)
53,259
Household income
$72,359
Rent vs Own
63.6% rent · 36.4% own
Severe rent burden
15% of renters

Population outlook (Alameda County) Hauer SSP2

Today (2025)
1,928,884 people
By 2030
2,069,146 · +7.3%
By 2040
2,338,405 · +21.2%
By 2050
2,586,608 · +34.1%
By 2075
3,061,911 · +58.7%
By 2100
3,234,133 · +67.7%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.66)
Race & ethnicity
Hispanic / Latino 53% Asian 18% Black 13% White 11% Two or more races 10% Native American 3%
Hispanic origin (detail)
Mexican 35%
Common ancestry
Italian 1% Scotch-Irish 1%
Foreign-born
40% · Canada, Vietnam, China
Languages at home
35% English-only · Spanish 46% Chinese 5% Vietnamese 4%

Political lean MEDSL · Alameda

2024 margin
Solid D (+53.6) · D 74.6% · R 21.0% · Other 4.4%
2008→2024 swing
-5.9pp toward R · 2008: 59.5pp · 2024: 53.6pp
All cycles
2024: D+53.6 2020: D+62.5 2016: D+64.4 2012: D+59.8 2008: D+59.5

Not yet ingested

Civics

Price history

+1457.4% since first listed
5 events — show timeline
  • 2026-07-01 Listed $475,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2005-03-17 Sold (Public Records) $222,000 Public Records
  • 2002-08-01 Sold (Public Records) $160,500 Public Records
  • 1988-07-20 Sold (Public Records) $95,500 Public Records
  • 1979-10-26 Sold (Public Records) $30,500 Public Records

Property tax history

+3.0%/yr

Latest (2025): $10,881 · +5.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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