809 East 28th Street

Oakland, CA 94606

$2,595,000
Price
Beds
9,496 Sq. Ft.
$273 / Sq. Ft.
9,496
Sq. Ft.
$273
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Willem Bos

    Willem Bos

    Listing Agent

    Compass

    DRE #02013980

    willem.m.bos@compass.com

    P: (916)-698-9954

Property Details for 809 East 28th Street

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Attached Garage
View
None
Total # Parking Spaces
5
LISTING UPDATED: 11/20/2024 12:17 AM

Property Details for 809 East 28th Street

StatusActive
MLS #41071136
Days on Compass86
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1923
Lot Size0.09 AC / 3,750 SF
CountyAlameda County

Building Information for 809 East 28th Street

Stories-Residences14Year Built1923Building Size-Lot Size0.09 AC / 3,750 SF

Property Information for 809 East 28th Street

Features
Feature Details
  • Flooring: See Remarks
  • Laundry: Laundry Equip - Owned
  • Disability Features: Other, See Remarks
Room Details
  • Additional Rooms: Basement - Storage Area, Basement - Partial, Basement - Finished
Utility Details
  • Cooling: None
  • Heating: Other Heat
  • Water/Sewer: Other
  • Energy Saving Feature: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other
  • Lot Description: Other
  • Lot Sq Ft Apx: 3750
  • Lot Size Square Feet: 3750.0
  • Roof: Other
  • Sq Ft Apx: 9496
  • Year Built: 1923
Location Details
  • Directions to Property: Left off Park Blvd
  • FIPS Code: 06001
  • Census Tract: yes
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
  • Street Direction: E
Multi Family Information
General Details
  • All Units Have: Dishwasher, Disposal, Updated Baths, Updated Kitchen, Other
  • Units Total: 14
  • Basement: Finished, Partial, Separate Entry, Storage Area, Other
  • Separate Meters: Other
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Other
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 6
  • Unit # 1 # of Bathrooms: 1
Unit 2
  • Unit 2 # Units This Type?: 7
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1
Building Details
  • Additional Features-Misc: Extra Storage, Other
  • Apx Lot Acres: 0
  • Inspection Reports Available: Other
  • On Site Parking Description: Attached Garage, Covered Parking
  • Units - Other: Other
Income / Expense Details
  • Gross Operating Actual Income: $261,836
  • Gross Rent Multiplier: 9.9
  • Net Operating Income: $171,641
Other Financial Information
  • Cap Rate: 6.61
  • Existing Loan: ARM
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 809 East 28th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 809 East 28th Street

Taxable ValueLand$324,405Additions$1,354,683Total$1,679,088
Tax Record2024$32,487 ($2,707 / month)
Home Facts
Total Finished SqFt9,496 SqFtAbove Grade Finished SqFt9,496 SqFtStories3Lot Size3,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyALAMEDAAPN23-395-45

Schools near 809 East 28th Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Bella Vista Elementary School
PublicK to 5

Edna Brewer Middle School
Public6 to 8

Oakland High School
Public9 to 12

AIMS College Prep High
Charter9 to 12

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

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809 East 28th Street is a multi-family home for sale in Oakland, CA 94606. This property was listed for sale on August 27, 2024 by Compass, it's currently listed at $2,595,000. It has been on the market for a total of 86 days and was last sold on June 17, 2002. This listing's school district is Oakland Unified School District. Nearby schools include Bella Vista Elementary School, Edna Brewer Middle School and Oakland High School. 809 East 28th Street is a 0-bed, 0-bath, 9,496 sqft multi-family home built in 1923.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Willem Bos, DRE #02013980

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.