2550 35th ave, Oakland, CA 94601
2550 35th ave, Oakland, CA 94601
2550 35th ave, Oakland, CA 94601
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Listed by Pedram Karbassi, DRE #01522384 • Bay's Elite Investments
$2,750,000
Est. payment /mo
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11,928 SqFt
Active

2550 35th ave Oakland, CA 94601

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Adrian Chu

Adrian Chu

+1(206) 407-5452

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Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 11,928 sqft

Price per Sqft $230

MLS Listing ID MR41093383

Year Built 1956

Lot Size 0.500 Acres

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

Bay's Elite Investments is pleased to present to the seasoned investors a unique investment property in a solid Oakland location in the Bartlett/Allendale neighborhood. This 18 unit apartment complex features Six 2 bed/1bath and Twelve 1bed/1bath units with and four 1bd/1bth units with market rate tenants, with an excellent long-term upside. The property was originally built in 1954, offers approximately 11,960 square feet www.eliteinvests.com of rental space, and sits on a 1/2 acre lot with 18 parking space, majority of them being carports (1 to 1 ratio). Some units have been remodeled over time and offer newer kitchens and bathrooms, vinyl floors, and so on. The building is located about 3 minutes from 580 freeway with a quick and easy commute to Oakland Lake Merritt or a 30 minute drive to downtown San Francisco. Fruitvale BART is literary a 5 minute drive or bike ride south on 35th Ave or 10 minutes on bus. The current owners have made substantial capital expenditures in the property in the past several years. The roof of both buildings have been replaced and recoated in 2024 and 2025 at a cost of approximately $40,000. The property has been earthquake retrofitted at a cost of about $110,000 in 2024. And the units have been extensively rehabbed upon turnover.

Location

State CA

County Alameda

Area Oakland Zip Code 94601

Interior

Heating Wall Furnace

Cooling None

Flooring Vinyl

Laundry Washer, Dryer

Exterior

Exterior Feature Other, Stucco, Wood Frame

Garage Spaces 18.0

Roof Type Polyurethane

Building

Sewer Sewer - Public

Water Public

Others

Special Listing Condition Not Applicable

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Adrian Chu

Adrian Chu

Founder & CEO

+1(206) 407-5452

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2550 35th ave