809 E 28th St
Oakland, CA 94606
Expired
$2,395,000
14-unit Apartment Building
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)1-bedroom + Den, 1-bathroom unit, 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.
Year Built
1923
Number of Units
14
Price/Unit
$171,071
Square Feet
9,496
Cost/Sq. Foot
$252
CAP
6.50%
GRM
9.94
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