809 28Th St, Oakland, CA 94610
14 Unit Apartment Building | $2,750,000 ($196,429/Unit) | 6.10% Cap Rate | Oakland, CA 94610
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,750,000
- Property Type
-
Multifamily
- Square Feet
- 9,496 SF
Listing Contacts
Willem Bos
Verified Profile
- Property Info
Property Overview
The Bos Group is excited to present 809 E 28th St, a well-maintained 14-unit apartment community located in
the heart of Oakland’s Ivy Hill Neighborhood.
The property, featuring (6) large studio units, (7)
1-bedroom, 1-bathroom units, and (1) 2-bedroom,
1-bathroom unit, which is designed to maximize space and functionality. What sets this property apart is its unique
and desirable corner lot, beautiful architecture with period-appropriate details, and five secured garage spaces.
This day-one cash-flowing property offers significant rental upside and is strategically positioned to deliver long-term returns through unit remodels and upgrades. The property’s ability to attract premium tenants and maintain a very low vacancy rate, a feat it has achieved for over 22 years, provides potential investors with a sense of security and stability.
the heart of Oakland’s Ivy Hill Neighborhood.
The property, featuring (6) large studio units, (7)
1-bedroom, 1-bathroom units, and (1) 2-bedroom,
1-bathroom unit, which is designed to maximize space and functionality. What sets this property apart is its unique
and desirable corner lot, beautiful architecture with period-appropriate details, and five secured garage spaces.
This day-one cash-flowing property offers significant rental upside and is strategically positioned to deliver long-term returns through unit remodels and upgrades. The property’s ability to attract premium tenants and maintain a very low vacancy rate, a feat it has achieved for over 22 years, provides potential investors with a sense of security and stability.
Property Details
- Class
- C
- Year Built
- 1940
- Stories
- 3
- Lot Size (sq. ft)
- 4,356 SF
- Units
- 14
Highlights
- First time on market in over 22 years!
- Prime Ivy Hill location
- Substantial rental upside
- Off the Soft story retrofit list
- Pride of ownership property
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