809 E 28th St - Apartments FOR SALE


Oakland, CA 94610- Ivy Hill
$2,395,000 USD
916-698-9954
809 E 28th St, Oakland, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/30
null | 7.34% Cap Rate

809 E 28th St
Oakland, CA 94610
Ivy Hill


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

OVERVIEW

$200k Price improvement Motivated Seller looking at all offers 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.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

14

PRICE/UNIT

$171,071

CAP RATE

7.34%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$100k price reduction / motivated seller

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R-70, Oakland

APN/PARCEL ID

023-0395-045-00

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

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Willem BosCompass CommercialMore Info
916-698-9954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.