Oakland Multifamily NNN Investment
1228 36th Ave, Oakland, CA 94601
Newly constructed multifamily property in Oakland's Fruitvale neighborhood.
Type:Multifamily
Property size:
17,158 SFPrice / SF:
$479/SF- Added:
- Jan 29, 2026
- Days on Market:
- 103
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1228 36th Ave
General Information
- Standard status
- Active
- Size
- 17,158 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing agent Jonathan Selznick License #NV Broker License: B.1001723.INDV
Listing office Lee & Associates - Ontario
Listing date Jan 29, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Ontario
HighLights
- Newly constructed (2026) 17,158 SF multifamily building mapped for 13 condominiums, offering long‑term exit optionality.
- Absolute NNN lease with 7‑year term to Oasis Living, a supportive housing operator, providing passive income with no landlord responsibilities.
- Lease includes 3% annual rent escalations and a landlord termination option after year three, offering flexible future value strategies.
- Strategically located in Oakland's Fruitvale neighborhood, a transit‑oriented location two blocks from the Fruitvale BART station.
- Located in a gentrifying East Bay submarket, surrounded by affordable housing, schools, and redevelopment projects.
- Strong local demographics, including a 3‑mile average household income of $153,251 and proximity to over 274,000 residents.
Overview
This newly constructed, three-story multifamily residential building is located at 1228 36th Avenue in Oakland, California. Constructed in 2026, the 17,158-square-foot property is mapped for 13 condominiums. It is currently leased on a 7-year absolute triple-net basis to Oasis Living, an 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. The property is located in Oakland’s Fruitvale neighborhood, two blocks from the Fruitvale BART station and within minutes of San Francisco and Silicon Valley employment hubs. The surrounding area includes affordable housing communities, public charter schools, and ongoing redevelopment projects. The building’s condominium mapping enhances long-term exit optionality. Oasis Living delivers community-focused housing with 24/7 support services. The location benefits from strong local demographics, including a 3-mile average household income of $153,251 and proximity to over 274,000 residents.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Fruitvale Hall
Bingo Hall
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2219834
- Latitude
- 37.774903
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Newly constructed multifamily property in Oakland's Fruitvale neighborhood.
Where is this apartment building located?
The property is located at 1228 36th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $8,225,000.
What are key features of this property?
This property features: Newly constructed (2026) 17,158 SF multifamily building mapped for 13 condominiums, offering long‑term exit optionality.; Absolute NNN lease with 7‑year term to Oasis Living, a supportive housing operator, providing passive income with no landlord responsibilities.; Lease includes 3% annual rent escalations and a landlord termination option after year three, offering flexible future value strategies.
