1825 28th Ave, Oakland, CA 94601
- $850,000
Listed by Jatin Mehta, (949) 929-9562 from Pellego
(If provided) CoList: from
Sold listing courtesy of Hamid Zahir from RBRY
- Sold Price
- $850,000
- List Price
- $850,000
- Closing Date
- Oct 19, 2023
- MLS#
- EB41035498
- Status
- SOLD
- Lot Size
- 14,300
- Listing Area
- Oakland Zip Code 94601
- Year Built
- 1957
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
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Additional Information
- Acres
- 0.32
- Age
- 66
- Amenities
- Other
- Cooling System
- None
- Days On Market
- Unknown
- Floor Covering
- Laminate
- Garage Parking
- Off-Site Parking
- Lot Description
- Regular
- Lot Size
- 14,300
- Neighborhood
- Oakland Zip Code 94601
- Numberof Units
- 6
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
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