2838 35th Ave - Apartments FOR SALE


Oakland, CA 94619- Allendale | 
$950,000 USD
510-336-4721
2838 35th Ave, Oakland, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/28
null | 6.27% Cap Rate

2838 35th Ave
Oakland, CA 94619
Allendale


HIGHLIGHTS

  • Rare opportunity to own two duplexes on one lot
  • Vacant 4bd/ 1ba owner's unit
  • Excellent owner-user/ house-hack opportunity
  • Attractive mix of large 2, 3, and 4 bedroom units
  • Gated property with private backyards
  • Convenient location to nearby shopping in Laurel district and public transportation/ I-580

OVERVIEW

2383 35th Avenue presents a compelling owner-user and investment opportunity in Oakland’s Bartlett / Laurel District. The property consists of two duplexes situated on one lot, offering four residential units and an attractive mix of larger floor plans rarely found in a four-unit asset. The unit mix includes one 3-bedroom/2-bath unit, two 2 bedroom/1-bath units, and one spacious 4-bedroom/1-bath unit, for a total of 11 bedrooms and 5 bathrooms across the property. The property features gated access and private backyards for several of the units. The vacant 4-bedroom, 1-bath owner’s unit provides a new buyer with the opportunity to immediately occupy one of the property’s largest units while benefiting from rental income generated by the remaining three units. Alternatively, an investor can lease the vacant unit and further enhance the property’s income potential. With two separate duplex structures, a highly functional unit mix, and immediate owner-user flexibility, 2383 35th Avenue offers an appealing combination of residential utility and multifamily investment potential. Discover the vibrant neighborhood surrounding 2383 35th Avenue in Oakland. Ideally situated near the bustling Laurel District, the property offers convenient access to an array of local dining, shopping, services, and everyday amenities. Residents also enjoy proximity to the natural beauty and recreational opportunities of Joaquin Miller Park, along with nearby Mills College at Northeastern University. Public transportation and major thoroughfares provide convenient connections throughout Oakland and the greater Bay Area. With its combination of urban convenience, established neighborhood amenities, cultural offerings, and access to parks and recreation, the location offers an attractive setting for both residents and multifamily investors seeking a well-positioned multifamily property.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

6.27%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,001 SF

ZONING

R50, Oakland

APN/PARCEL ID

032-2048-025-05

ASK ABOUT THIS PROPERTY

Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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