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22925485
22925486

2550 35th Ave, Oakland, CA 94601

PK
CA c6805014
Bay's Elite Investments, Inc
Listed by Bay's Elite Investments, Inc
$2,650,000
416 days on market
Updated 108 days ago

35th Ave Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,928
Net Rentable (SqFt) 11,928
Units 18
Cap Rate 5.00%
Class C
Year Built 1956
Buildings 2
Stories 2
Ownership Fee Simple
Sale Condition 1031 exchange

Great 18 Unit in Oakland, Tremendous Upside, Earthquake Retrofit, New Roof

Investment highlights

Attractive Geographic Location

• Central East Oakland - Located on 35th Ave only 3 Blocks from 580 Freeway

• Minutes from Laurel District - About 3 minute drive to the trendy Laurel District and Redwood Heights

• Excellent Commuting Location - Literary 15 and 30 minute commute to downtown Oakland and SF

Nearby Lifestyle Amenities

• Pedestrian Playground

• With a Walk Score of 66, tenants can get majority of their chores done on foot.

• Outdoor Oasis- Great Green Spaces within a 5 minute drive to Dimond Park or on foot to Brookdale Park

• Near BART - Literary a 5 minute bicycle ride to Fruitvale BART

Physical Amenities

• Eighteen Units -12 x 1BR/1BA, 6 x 2BR/1BA

• Parking Onsite - Building comes with 1:1 Parking for 18 Units

• Laundry Onsite - The building comes with onsite washing and drying facilities, increasing its appeal with renters.

Investment Advantages

• Tremendous Upside - A great building with a good 30-40% upside in rents.

• Most Work Completed - Earthquake Retrofitting was Completed in 2024, about $110,000 cost, and New Roof/New Coating were done in 2024-2025, about $40,000.

Listing Contacts

PK
CA c6805014
Bay's Elite Investments, Inc
Listed by Bay's Elite Investments, Inc

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Additional Information

Name
pedram karbassi
License
c6805014
Brokerage
Bay's Elite Investments
Title
Real Estate Broker
Brokerage Address
1196 Boulevard Way
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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