$600,000

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. 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.

$1,100,000

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. 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.