2231 E 28th St - Apartments FOR SALE


Oakland, CA 94606- Tuxedo
$1,399,000 USD
925-788-5952
2231 E 28th St, Oakland, CA for Sale
$1,399,000 USD
Apartments - FOR SALE
1/39
null | 6.68% Cap Rate

2231 E 28th St
Oakland, CA 94606
Tuxedo


HIGHLIGHTS

  • Turnkey Fourplex in Highland Terrace Neighborhood: Completely renovated 2-bedroom, 1-bath units with modern amenities
  • Property delivered 100% vacant
  • Great proximity to highways, public transit, parks, schools, and shopping
  • Secured garage parking, ample outdoor space with brand new pergola, on-site laundry, and private rear entrances

OVERVIEW

**OPEN HOUSE - SUNDAY (4/27) 2PM-3PM** Fully renovated & vacant fourplex in Oakland’s Highland Terrace. Built in 1951, this turnkey property features four (4) 2-bedroom, 1-bathroom units, each updated with quartz countertops, new cabinetry, appliances, and hardware. The bathrooms have been remodeled with tile flooring and modern finishes. Interiors offer new windows, refinished/new flooring, and fresh paint throughout. All units include upgraded 100-amp electrical panels, relocated and fully permitted to meet insurance standards. The 0.16-acre lot features a detached 4-car garage with secure parking, an on-site laundry room, a new pergola, and a spacious shared courtyard with private rear entrances for each unit. Preliminary permits have been secured for two (2) ADUs to provide future income potential. Located in a quiet residential pocket with hillside views and easy access to I-580, transit, parks, schools, and shopping. Whether you’re an investor seeking stable cash flow and long-term growth, or a buyer exploring multi-generational living or house-hacking, 2231 E 28th Street delivers flexibility and functionality in one of Oakland’s most accessible neighborhoods.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

4

PRICE/UNIT

$349,750

CAP RATE

6.68%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,882 SF

ZONING

-

APN/PARCEL ID

026-0786-002-00

ASK ABOUT THIS PROPERTY

Tyler ClarkLee & Associates Commercial Real Estate ServiceMore Info
925-788-5952

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Tyler ClarkLee & Associates Commercial Real Estate ServiceMore Info
925-788-5952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.