1228 36th Ave, Oakland, CA 94601

Lee & Associates is pleased to exclusively present the sale of a newly constructed, single-tenant absolute NNN investment located at 1228 36th Avenue in Oakland, California. This pride-of-ownership asset features a 2026-built, three-story, 17,158-square-foot multifamily residential building mapped for 13 condominiums. The property is leased on a 7-year absolute triple-net basis to Oasis Living, a mission-driven operator specializing in supportive housing for individuals and families facing mental health challenges. The lease includes 3% annual rent escalations and a landlord termination option after year three, offering flexible future value strategies.

Strategically positioned in Oakland’s vibrant Fruitvale neighborhood, the property benefits from an infill, transit-oriented location just two blocks from the Fruitvale BART station and within minutes of San Francisco and Silicon Valley employment hubs. Surrounded by a mix of affordable housing communities, public charter schools, and ongoing redevelopment projects, the site is in the heart of a gentrifying East Bay submarket. The building’s condominium mapping enhances long-term exit optionality rarely available in traditional NNN or multifamily investments, appealing to investors seeking both income stability and capital appreciation.

Oasis Living delivers high-quality, community-focused housing with 24/7 support services and is deeply embedded in the Bay Area’s nonprofit ecosystem. With no landlord responsibilities and a strong tenant business model supported by regional referral networks and case managers, this investment provides passive income backed by consistent operational demand. The offering is further supported by strong local demographics, including a 3-mile average household income of $153,251 and proximity to over 274,000 residents, reinforcing the long-term viability of the location.