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31882077
31875325

335 3rd St, Oakland, CA 94607

MS
CA CA01175708
California Property Masters
Listed by California Property Masters
Unpriced
40 days on market
Updated 15 days ago

335 3rd St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,800
Units 38
Cap Rate 5.00%
Rent Bumps Yes
Year Built 2026
Stories 8

Multifamily | 5.00% CAP | 38 Units

Marketing description

Executive Summary

335 3rd Street – Next-Generation New Construction Multifamily Opportunity

Introducing 335 3rd Street, an exceptional newly developed residential asset in the heart of Oakland. Thoughtfully designed with a rare blend of advanced engineering, sustainability, privacy, and modern luxury, this 38-unit one-bedroom multifamily property sets a new benchmark for urban living and long-term investment quality.

Currently under development with an estimated completion date of May 15, 2026, the property offers buyers unique acquisition flexibility and can be delivered vacant or fully leased, subject to mutually agreed-upon contract terms.

This is far more than a conventional apartment building—335 3rd Street was conceived as a high-performance residential environment where innovative building systems meet elevated resident comfort.

Sustainable Infrastructure & Energy Efficiency

At the core of the development is a state-of-the-art closed-loop geothermal ground-source heat pump system. By leveraging the earth’s constant underground thermal mass, the building eliminates the need for traditional chillers and condensers, resulting in lower operating costs, reduced carbon emissions, and enhanced seasonal energy efficiency.

This forward-looking mechanical infrastructure creates a highly efficient and environmentally conscious asset positioned for the future of multifamily ownership.

Superior Acoustic Engineering & Privacy

Resident comfort is elevated through advanced structural sound isolation systems rarely found in conventional multifamily construction.

Each residence is engineered with a multi-layered decoupled barrier system featuring:

Lateral Isolation: Wall-air gap-wall assemblies designed to reduce sound transmission between neighboring units

Vertical Isolation: Specialized floor-steel-ceiling construction minimizing impact noise and vibration between floors

Environmental Shielding: Dual-envelope exterior design mitigating street noise for a calm interior atmosphere

The result is an exceptionally quiet and private living experience in an urban setting.

Premium Residence Features

Each home is thoughtfully curated with efficient, modern finishes designed for both function and aesthetics:

Full-sized in-unit washer and dryer

Precision induction cooktops

Contemporary wall-hung toilets with concealed tanks

Integrated privacy glass in bedrooms for optimized natural light and seclusion

Efficient one-bedroom layouts with modern design appeal

Investment Highlights

New construction multifamily asset

38 one-bedroom residences

Estimated completion: May 15, 2026

Available for delivery vacant or fully leased per contract terms

Advanced geothermal energy infrastructure

Superior acoustic privacy systems

Strong renter appeal and premium positioning

Prime Oakland location near downtown, transit, and employment centers

Attractive long-term appreciation and income potential

A Rare Opportunity

335 3rd Street represents a rare chance to acquire a next-generation multifamily asset with cutting-edge sustainability features, exceptional resident comfort, and flexible delivery options. Designed to stand apart in the marketplace, this property offers immediate relevance for both owner-users and investors seeking a differentiated Bay Area acquisition.

Contact broker for pricing guidance, timelines, leasing strategy, and private tours.

Investment highlights

  • Infill Oakland location near Jack London Square/Downtown with multi-modal access (BART, Amtrak, Ferry, AC Transit) supporting durable renter demand.
  • 38 New-unit condo community positioned for buyers seeking urban convenience with neighborhood lifestyle amenities (waterfront, dining, Lake Merritt).
  • Supply/demand tailwind: Oakland’s state housing requirement of 26,251 units (2023–2031) underscores continued citywide housing need.
  • Downtown Oakland Specific Plan signals long-term public-sector commitment to concentrate growth and infrastructure in the downtown core.
  • Competitive positioning: targets households priced out of San Francisco and other Bay Area markets seeking proximity to employment centers.

Listing Contacts

MS
CA CA01175708
California Property Masters
Listed by California Property Masters

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Additional Information

Name
MK Shadman
License
CA01175708
Brokerage
California Property Masters
Brokerage Phone
4088357030
Title
Associate Broker
Brokerage Address
173 North Morrison Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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