Multifamily
444 28th St
444 28th St, Oakland, CA 94609
Listing Price: $5,300,000
Investment Overview
444 28th St is an exceptional 34 unit apartment community located in the thriving city of Oakland, California.
Situated on a 21,750 square foot parcel of land, the subject property was originally constructed in 1955 and has a gross building area of approximately 20,596 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. The subject property also features convenient tenant amenities such as on-site laundry and gated parking. In addition, the subject property has recently undergone significant capital improvements including unit renovations, concrete coating repairs, and electrical systems.
The property is located in the exceptional Pill Hill neighborhood, a thriving district positioned just north of Lake Merritt. One of the most unique neighborhoods in all of Oakland, Pill Hill combines the exciting urban life of Downtown Oakland with the peaceful suburban feel of Lake Merritt.
The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California.
The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 444 28th St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options
444 28th St
Investment Highlights
- Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most dynamic and desirable locations in the East Bay.
- Convenient Tenant Amenities - The subject property offers tenants convenient tenant amenities such as on-site laundry and gated parking.
- Significant Capital Improvements - The subject property has recently undergone significant capital improvements including unit renovations, concerete coating repairs, and electrical systems.
- Equidistant to Downtown Oakland and Piedmont Ave - Tenants are within walking distance to Downtown Oakland and Piedmont Ave, both home to a myriad of shopping, dining and entertainment options.
- Strong Employment Base - The subject property offers close proximity to many of the nation's top employers including Box, Inc., Google, Oracle, Electronic Arts, Inc. (EA), Stanford, Facebook, Cisco Systems, Visa, Sony, Pandora Media, Kaiser Permanente, Sutter Health Square, and many others.
Exclusively Listed By
Listing Price: $5,300,000
Investment Highlights
- Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most dynamic and desirable locations in the East Bay.
- Convenient Tenant Amenities - The subject property offers tenants convenient tenant amenities such as on-site laundry and gated parking.
- Significant Capital Improvements - The subject property has recently undergone significant capital improvements including unit renovations, concerete coating repairs, and electrical systems.
- Equidistant to Downtown Oakland and Piedmont Ave - Tenants are within walking distance to Downtown Oakland and Piedmont Ave, both home to a myriad of shopping, dining and entertainment options.
- Strong Employment Base - The subject property offers close proximity to many of the nation's top employers including Box, Inc., Google, Oracle, Electronic Arts, Inc. (EA), Stanford, Facebook, Cisco Systems, Visa, Sony, Pandora Media, Kaiser Permanente, Sutter Health Square, and many others.
Investment Overview
444 28th St is an exceptional 34 unit apartment community located in the thriving city of Oakland, California. Situated on a 21,750 square foot parcel of land, the subject property was originally constructed in 1955 and has a gross building area of approximately 20,596 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. The subject property also features convenient tenant amenities such as on-site laundry and gated parking. In addition, the subject property has recently undergone significant capital improvements including unit renovations, concrete coating repairs, and electrical systems. The property is located in the exceptional Pill Hill neighborhood, a thriving district positioned just north of Lake Merritt. One of the most unique neighborhoods in all of Oakland, Pill Hill combines the exciting urban life of Downtown Oakland with the peaceful suburban feel of Lake Merritt. The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California. The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 444 28th St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options
Exclusively Listed By
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