1825 28th Avenue

Oakland, CA 94601

$850,000
Last Sold Price
Beds
5,112 Sq. Ft.
$166 / Sq. Ft.
5,112
Sq. Ft.
$166
per Sq. Ft.

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...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.
  1. Listed by Jatin Mehta • DRE #02045713 • Pellego

Property Details for 1825 28th Avenue

City
OAKLAND
Dist Neighborhood Subdiv
FRUITVALE
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Off-Site Parking
Park Spaces Total
18
Total # Parking Spaces
18

Location

Listing Courtesy of Pellego, Jatin Mehta, DRE #02045713

Sold By Reliance Bay Realty, Hamid Zahir, DRE #01781201

Add your commute
LISTING UPDATED: 10/19/2023 02:43 PM

Property Details for 1825 28th Avenue

StatusSold
MLS #41035498
Days on Compass57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1957
Lot Size0.33 AC / 14,300 SF
CountyAlameda County

Location

Listing Courtesy of Pellego, Jatin Mehta, DRE #02045713

Sold By Reliance Bay Realty, Hamid Zahir, DRE #01781201

Add your commute

Building Information for 1825 28th Avenue

Stories-Residences6Year Built1957Building Size-Lot Size0.33 AC / 14,300 SF

Payment Calculator

$6,329 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$1,690

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1825 28th Avenue

Features
Feature Details
  • Flooring: Laminate
  • Laundry: Other
Utility Details
  • Cooling: None
  • Heating: Other Heat
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other Skirt
  • Lot Description: Regular
  • Lot Sq Ft Apx: 14300
  • Lot Size Square Feet: 14300.0
  • Roof: Flat
  • Sq Ft Apx: 5112
  • Yard Description: No Yard
  • Year Built: 1957
  • Acres: 0.32
Location Details
  • Directions to Property: Google Maps
  • FIPS Code: 06001
  • Census Tract: none
  • Parcel Number: 025073301000
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 6
  • Basement: None
  • Parking Description: Off Street Parking
  • Existing Lease Terms: None
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Unit 1 Details
  • Unit #/Address - 1: 6
  • Occupied By 1: Tenant
  • Dining Room 1: No
  • Air Cond 1: No
  • Fireplace 1: No
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 8
  • Bathrooms 1: 4
  • Apx Sq Ft 1: 852
  • Rent 1: 1145.63
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 6
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: No
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Approx SqFt: 852
  • Unit # 1 Rent: 1145.63
Building Details
  • Additional Features-Misc: Other
  • ADDTL MISC FEATURES: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Off Site Parking
Other Financial Information
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1825 28th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1825 28th Avenue

Taxable ValueLand$643,314Additions$427,589Total$1,070,903
Tax Record2023$20,282 ($1,690 / month)
Home Facts
Total Finished SqFt5,112 SqFtAbove Grade Finished SqFt5,112 SqFtStories2Lot Size14,300 SqFtStyleMulti-Family Res (5+ Units)Year Built1957CountyALAMEDAAPN25-733-10

Schools near 1825 28th Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Think College Now School
PublicK to 5

International Community School
PublicK to 5

United For Success Academy
Public6 to 8

Urban Promise Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pellego, Jatin Mehta, DRE #02045713

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.