Address: 1630 35th Ave, Oakland, CA 94601, USA
Created date: February 11, 2025
Date last updated: March 13, 2025
- Ideal unit mix comprising of one three-bedroom / one-bathroom unit, four two- bedroom / one-bathroom units, and four one-bedroom / one-bathroom units
- Potential for building additional ADU units on the property Low expenses for owner
- Separately Metered for PGE and Water
- Onsite parking available, enhancing tenant convenience in a city with limited parking options.
- Washer and Dryer facility onsite for residents
- Additional storage income for new owner
- Located less than 5 minutes from Fruitvale BART
- Just a 10-minute drive to Oakland International Airport, appealing to professionals and frequent travelers.
- Close to public transportation, freeways, and shopping
- 4.62% Cash on Cash calculated for year 1
Property Description
Introducing a prime investment opportunity in the heart of Oakland, California. This impressive property offers a 5,450 SF building featuring 9 units ideally configured with a mix of one three-bedroom / one-bathroom unit, four two-bedroom / one-bathroom units, and four one-bedroom / one-bathroom units. Built in 1959, the potential for additional ADU units exists on the premises, adding substantial value to this offering. Each unit is separately metered for PGE and water, including onsite parking and washer/dryer facilities ensuring convenience for residents.