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$1,100,000
41148097 MLS
The owner’s unit here is the one everyone would want. 1112 E 28th Street is a 1907 Bella Vista fourplex on a 3,600 SF corner lot — four units, four garages, four front doors, two street addresses. A few blocks off I-580, five minutes on foot to AC Transit, a short drive to Lake Merritt and Highland Hospital. Unit 2802 was renovated in 2026: new wood floors, shaker kitchen with quartz and stainless, frameless glass shower, in-unit laundry, and a private roof deck of roughly 200 SF. It is vacant. So is Unit 1114, a second two-bedroom upstairs. The other two units, a two-bedroom and a one-bedroom, are occupied. Every unit carries its own gas and electric meter. The sewer lateral is certified compliant through 2039. $1,100,000. $329/SF. $275,000 per unit. $110,575 estimated current income, 6.27% cap. Live in the best unit and rent the other three, or lease half the building at market from day one.

1112 E 28th St, Oakland

Listing courtesy of Joey Wang from Keller Williams Realty. 510-592-5554
$600,000
41148502 MLS
A Julia Morgan address: named in the published record of her East Bay work (Oakland Tribune, 12/18/1994), alongside Hearst Castle and the Chapel of the Chimes. Highland Hospital is a six-minute walk. The rents are the story. 1031 Bella Vista is a 1900 Oakland fourplex on a 7,250 SF lot, a few blocks from I-580. Four units, four gas meters, four electric meters, four parking spaces. Owner pays water and garbage only. Unit 1 spans 1,751 SF on the main floor: three bedrooms, two baths, fireplace, bay-window dining room. Unit 4 is a two-bedroom with a private 181 SF roof deck; Unit 5 a one-bedroom efficiency with a balcony. Both look over Oakland to the Bay. Unit 3 is a one-bedroom with a fireplace. Coin laundry and storage in the basement. Exterior painted 2025. Fully occupied. In-place rents average $1,204; broker market estimate $2,818. The upside comes at turnover. $600,000. $151/SF. $150,000 per unit. $57,999 in-place income, 3.9% cap. At market rents: 4.4 GRM, 15.6% cap.

1031 Bella Vista Ave, Oakland

Listing courtesy of Joey Wang from Keller Williams Realty. 510-592-5554

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