Oakland, CA 94601,1825 28th Ave
Oakland, CA 94601,1825 28th Ave
Oakland, CA 94601,1825 28th Ave
Oakland, CA 94601,1825 28th Ave
Oakland, CA 94601,1825 28th Ave
Oakland, CA 94601,1825 28th Ave
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$850,000

$899,000

5.5%
Est.Price: ?

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Est. payment /mo

0.32 Acres Lot


SOLD DATE : 10/19/2023

Key Details

Sold Price $850,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Fruitvale

MLS Listing ID 41035498

Sold Date 10/19/23

HOA Y/N No

Year Built 1957

Lot Size 0.320 Acres

Property Description

This 6-unit property presents an exciting investment opportunity for developers seeking to maximize their returns. Not only does it offer the potential to add seven more units, but it also allows you to benefit from the existing cash flow. The property consists of (6) 2-bedroom, 1-bathroom units, all of which are occupied by long-term tenants. The property's location in the "OPPORTUNITY ZONE" further adds to its appeal, as it is zoned for a total of thirteen units, and preliminary design review documents have already been submitted to the City of Oakland. Its highly accessible position near transit, BART, and freeways enhances the investment potential of this project. Moreover, investors interested in taking advantage of tax breaks for properties within the Oakland Opportunity Zone will find this property particularly attractive. Positioned in the upper Fruitvale area, it is conveniently less than 1 mile away from BART, offering transportation options like the nearby Fruitvale Station (0.9 miles away) and Oakland International (6.9 miles away). Notably, the property is separately metered for electricity and gas, while the owner covers the cost of water and garbage.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling None

Fireplace No

Exterior

Total Parking Spaces 18

Others

Tax ID 025073301000

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California Regional MLS (CRMLS)
Listed by Jatin Mehta • Pellego
Bought with Hamid Zahir • Reliance Bay Realty
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2214 Faraday Ave, Carlsbad, Ca, 92008

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