Oakland Multifamily Investment
For Sale
$2,650,000
2550 35th ave, Oakland, CA 94601
18-unit apartment complex in Oakland's Bartlett/Allendale neighborhood.
Property Size11,960 SF
Lot Size0.50 Acres
Price / SF$221.57
Days on Market104
Property Features for 2550 35th ave
General Information
Standard status
Active
Size
11,960 SF
Lot size
0.50 Acres
Property subtype
Investment
Building Details
Year Built
1956
Listing Agency:
BAY'S ELITE INVESTMENTS
(510) 214-2616
Listed By:
Pedram Karbassi
(510) 214-2616
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 17 at 8:01AM
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 BAY'S ELITE INVESTMENTS
Investment Insights
Based on property information with market context.
This 18-unit apartment complex is located in the Bartlett/Allendale neighborhood of Oakland. Constructed in 1954, the property features six 2-bedroom/1-bath units and twelve 1-bedroom/1-bath units. The building provides approximately 11,960 square feet of rental space and is situated on a 0.5-acre lot. There are 18 parking spaces, the majority of which are carports, providing a 1:1 parking ratio. Some units have been remodeled and feature newer kitchens and bathrooms, as well as vinyl floors. The property is located approximately 3 minutes from the 580 freeway, offering convenient access to Oakland's Lake Merritt and a 30-minute drive to downtown San Francisco. The Fruitvale BART station is a 5-minute drive or bike ride south on 35th Avenue, or 10 minutes by bus. Substantial capital expenditures have been made to the property in recent years. The roofs 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. The units have been extensively rehabbed upon turnover. The bike score is 67, making it bikeable, the walk score is 70, making it somewhat walkable, and the transit score is 52, indicating good transit options.
Key Highlights
- Excellent long‑term upside potential with market‑rate tenants in a desirable Oakland location.
- Significant recent capital improvements, including roof replacement/recoating (2024/2025) and earthquake retrofitting (2024).
- 18‑unit apartment complex with a mix of 2 bed/1 bath and 1 bed/1 bath units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
765
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?
Apartment building - 18-unit apartment complex in Oakland's Bartlett/Allendale neighborhood.
Where is this apartment building located?
The property is located at 2550 35th ave Oakland, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Excellent long‑term upside potential with market‑rate tenants in a desirable Oakland location.; Significant recent capital improvements, including **roof replacement/recoating (2024/2025) and earthquake retrofitting (2024)**.; 18‑unit apartment complex with a mix of 2 bed/1 bath and 1 bed/1 bath units.
