Multifamily
450 28th St
450 28th St, Oakland, CA 94609
Listing Price: $4,500,000
Investment Overview
450 28th St is an exceptional 31-unit apartment community located in the thriving city of Oakland, California.
Situated on a 7,380 square foot parcel of land, the subject property was originally constructed in 1952 and has a gross building area of approximately 15,846 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans. Additionally, the subject property has undergone signicant capital improvements including parking lot restriping, landscaping maintenance, concrete maintenance, upgraded electrical systems, new water and mechanical systems, new roof and much more.
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, 450 28th St Oakland Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
450 28th St
Investment Highlights
- Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most desirable locations in the East Bay.
- Extensive Capital Expenditures - The subject property has undergone signfiicant capital improvements including parking lot restriping, landscaping maintenance, and concrete maintenance.
- Convenient Community Amenities - Tenants enjoy convenient community amenities such as an on-site laundry facility and private garage parking.
- Prime Oakland Neighborhood - The subject property is located in the exceptional Pill Hill neighborhood known for its vibrant community and picturesque setting just under 2 miles away from Downtown Oakland.
- Excellent Transportation Corridors - 454 34th St offers residents easy access to Interstate 80, Interstate 580, the San Francisco-Oakland Bay Bridge and access to multiple BART stations.
Exclusively Listed By
Listing Price: $4,500,000
Investment Highlights
- Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most desirable locations in the East Bay.
- Extensive Capital Expenditures - The subject property has undergone signfiicant capital improvements including parking lot restriping, landscaping maintenance, and concrete maintenance.
- Convenient Community Amenities - Tenants enjoy convenient community amenities such as an on-site laundry facility and private garage parking.
- Prime Oakland Neighborhood - The subject property is located in the exceptional Pill Hill neighborhood known for its vibrant community and picturesque setting just under 2 miles away from Downtown Oakland.
- Excellent Transportation Corridors - 454 34th St offers residents easy access to Interstate 80, Interstate 580, the San Francisco-Oakland Bay Bridge and access to multiple BART stations.
Investment Overview
450 28th St is an exceptional 31-unit apartment community located in the thriving city of Oakland, California. Situated on a 7,380 square foot parcel of land, the subject property was originally constructed in 1952 and has a gross building area of approximately 15,846 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans. Additionally, the subject property has undergone signicant capital improvements including parking lot restriping, landscaping maintenance, concrete maintenance, upgraded electrical systems, new water and mechanical systems, new roof and much more. 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, 450 28th St Oakland Ave 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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