$750,000

668 28th St

Oakland CA, 94609

Description

Looking for an owner-occupy investment in the East Bay with massive financial upside? Look no further than Oaklands 668 28th Street. A 6,720 sq. ft. lot plays host a 2,922 sq. ft. fourplex (4, 2BR 1BA units) that will start generating income from Day #1. Three units are currently occupied, while the fourth unit (which includes new cabinets, quartz countertop, stainless steel appliances, and new paint) will be delivered vacant upon close. Though the current annual income for the property is approximately $60,325, its estimated income is roughly $98,400 pending unit turnover. Why so much financial potential? Proximity, proximity, proximity! In addition to being near greenspaces, cultural sites, and urban favorites (bars, restaurants, and even a Whole Foods), 668 28th Street is just minutes from Interstate 580, Interstate 980, San Pablo Avenue, Grand Avenue, two BART stations, and the Jack London Ferry Terminal, making it a dream come true for commuters.

Details

MLS#40936575
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1885
Days On Site21

Features

Units4
Water FrontNo
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Area Information
StateCA
CountyAlameda
CityOakland
Zip Code94609
Listing VS Median (in 94609)
Price:
$750,000
low | high
Med:
$975,000
20% of Average
On Site:
21
low | high
Med:
106
19.811320754717% of Average
Listing Updated: February 9, 2021 5:49:48 PM PST
JOEY WANG LogoMLS Number: 40936575
Listing Provided By:
JOEY WANG  of  KELLER WILLIAMS REALTY
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.