Triplex with Ground-Level
For Sale
$499,999
2150 35Th Ave, Oakland, CA 94601
Residential Income, Oakland, CA
Property Size1,795 SF
Lot Size0.06 Acres
Price / SF$278.55
Days on Market14
Property Features for 2150 35Th Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bathroom 2
Interior features
Storage Area(s), Shower Stall(s), Tub w/Shower Over
Exterior features
Back Yard, Yard Space
Fencing
Fenced, Chain Link, Partial
Subdivision
Harrington
Lot features
Rectangular Lot, Sloped Up, Back Yard, Street Light(s)
Directions
580 TO 35TH..
Standard status
Active
APN
32211283
Size
1,795 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1910
Number of units
3
Flooring type
Engineered, Linoleum
Building materials
Wood Siding
Roof type
Composition
Additional Structures
Storage
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Christina Pineda
(925) 440-9747
Added: Aug 18
Changed: Aug 25
Last Checked: Aug 31 at 1:06PM
MLS# 41145432
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1910 triplex combines a ground-floor storefront or workspace with two updated residences above. The apartments include a 2BD/1BA unit and a 3BD/2BA unit, while the lower level has a business use permit and can accommodate retail, office, art studio, or other creative workspace uses. County records identify 3 units totaling 1,795 square feet.
Recent improvements include refinished bathtubs, fresh paint, new fixtures, LED lighting, GFCI outlets, smoke alarms, a newer roof, gutters, siding, French drains, a trenchless sewer line, and solar-powered motion detectors. The property also provides storage, public water and sewer service, a fenced backyard, and yard space.
Located at 2150 35th Ave in Oakland, the property is near schools, shopping, local eateries, Fruitvale BART, and I-580. The 0.0615-acre parcel offers a residential and commercial configuration within the Harrington area near the Lower Dimond District.
Recent improvements include refinished bathtubs, fresh paint, new fixtures, LED lighting, GFCI outlets, smoke alarms, a newer roof, gutters, siding, French drains, a trenchless sewer line, and solar-powered motion detectors. The property also provides storage, public water and sewer service, a fenced backyard, and yard space.
Located at 2150 35th Ave in Oakland, the property is near schools, shopping, local eateries, Fruitvale BART, and I-580. The 0.0615-acre parcel offers a residential and commercial configuration within the Harrington area near the Lower Dimond District.
Key Highlights
- Ground‑level storefront or workspace with business use permit
- Two updated residential units: 2BD/1BA and 3BD/2BA
- County records show 3 units totaling 1,795 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,167
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$823,340
$823.3K
Cap Rate 7%
$588,100
$588.1K
Cap Rate 9%
$457,411
$457.4K
Market Conditions
NOI Build-Up for 1,795 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.4K $34.20/SF
− Vacancy
−$2.6K −$1.44/SF
EGI
$58.8K $32.76/SF
− OpEx
−$17.6K −$9.83/SF
NOI
$41.2K $22.93/SF
Area
ZIP 94601
Vacancy
4.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$823,340
Cap Rate 7%
$588,100
Cap Rate 9%
$457,411
Alternative Uses
Best Use
Multifamily LT 5
$588.1K
$514.6K – $686.1K
NOI $41,167 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$546.0K
$477.7K – $637.0K
NOI $38,219 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$731.7K
$640.2K – $853.6K
NOI $51,216 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Mixed-use configuration includes two updated residences and flexible commercial space.
Where is this triplex located?
The property is located at 2150 35Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Ground‑level storefront or workspace with business use permit; Two updated residential units: 2BD/1BA and 3BD/2BA; County records show 3 units totaling 1,795 square feet
