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$1,800,000
Est. $10,160/mo

518-520 28th St, Oakland, CA 94609

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Multi-Family Home In Pill Hill
-- Bed-- Bath3,642 Sqft
J
Listed by Jocelyn Jamias

The subject property is listed for $1,800,000. This is a two story, 5-unit building built in 1906 and renovated in 2019. It is comprised of 1-3br/2ba, 1-2br/2ba,1-2br/1ba and 2-1br/1ba. Three of the five units are completely renovated with in-unit washer and dryer. The remaining two units have below market rents and provide investors the value-add opportunity of a large upside in rents. Current Cap 5.14% Market Cap 7.52%. 3 units have RUBS implemented in the lease, there are 5 new basement storage units to be rented at $50/mo. Additional improvements include: new siding, new paint, new windows, partial new roof and new hardscape. Individually metered for gas & electric with 5 separate water heaters. It is located in the charming Pill Hill neighborhood of Oakland which is known for its numerous medical establishments. The location also provides easy access to Highway 580, Highway 980 and nearby restaurant and shopping amenities.

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Home Details
  • Days on Homes.com: 11
  • Beds: --
  • Baths: --
  • Property type: Multi Family
  • Exterior finish: --
  • Year built: 1906
  • Lot size: 0.08
  • Fireplace: no
  • Neighborhood: The Alden
  • Cooling: None
  • Structure Sqft Source: Assessor
  • Laundry: Washer/dryer Some Units
  • Garage Parking Spaces: On Street
  • Roof: Shingle
  • Foundation: Concrete Perimeter, Crawl Space
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Pool Yn: No
  • Heating: Floor Furnace, Gas, Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Security Features: None
  • Restrictions: None
  • Special Features: None
  • Water: Public
  • Zoning: Multi Family Dwelling
  • Additional Listing Info: Not Applicable
  • Listing Address Display Format: Show Full Address
  • Subclass: Five Or More Units
  • Hoa Exist Yn: No
  • Listing Class: Commercial Multi Residential (5+ Units)
  • Listing Type: Exclusive Right To Sell
  • Sub-division: The Alden
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MLS NumberML81765098
Listed08/21/2019
Listing SourceMLS Listings Inc.
Last Updated08/29/2019 06:15:16 GMT-0400 (EDT)
Offered ByKW Silicon City
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