Mixed-Use Property with
New
For Sale
$499,999
2150 35Th Ave, Oakland, CA 94601
Ground-level commercial space accompanies two updated residential units and a private backyard.
Property Size1,795 SF
Price / SF$278.55
Days on Market3
Property Features for 2150 35Th Ave
General Information
Standard status
Active
Size
1,795 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1910
Units
3
Listing Agency:
Exp Realty of California Inc
(925) 440-9747
Listed By:
Christina Pineda
(925) 440-9747
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 6:52AM
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 Exp Realty of California Inc
Investment Insights
Based on property information with market context.
Located at 2150 35th Ave in Oakland, this mixed-use property combines a ground-floor storefront or workspace with two refreshed residential units above. The residential configuration includes a two-bedroom, one-bath unit and a three-bedroom, two-bath unit, while the lower level has a business use permit and can accommodate retail, office, art studio, or other creative-space functions.
County records identify 3 units and 1,795 square feet. Interior improvements include new paint, fixtures, LED lighting, GFCI outlets, smoke alarms, and refinished bathtubs. Exterior work includes a newer roof, gutters, siding, French drains, a trenchless sewer line, and solar-powered motion detectors. The property also includes a backyard with space for gardening, barbecuing, or outdoor use.
The location is near schools, shopping, local eateries, Fruitvale BART, and I-580. Walk Score is 76, Transit Score is 56, and Bike Score is 67.
County records identify 3 units and 1,795 square feet. Interior improvements include new paint, fixtures, LED lighting, GFCI outlets, smoke alarms, and refinished bathtubs. Exterior work includes a newer roof, gutters, siding, French drains, a trenchless sewer line, and solar-powered motion detectors. The property also includes a backyard with space for gardening, barbecuing, or outdoor use.
The location is near schools, shopping, local eateries, Fruitvale BART, and I-580. Walk Score is 76, Transit Score is 56, and Bike Score is 67.
Key Highlights
- 3‑unit mixed‑use property with 1,795 sq ft, per county records
- Ground‑level storefront or workspace with a business use permit
- Two residential units: 2BD/1BA and 3BD/2BA
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
$39,289
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
7.86%
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%
$785,780
$785.8K
Cap Rate 7%
$561,271
$561.3K
Cap Rate 9%
$436,544
$436.5K
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
$68.9K $38.40/SF
− Vacancy
−$16.5K −$9.22/SF
EGI
$52.4K $29.18/SF
− OpEx
−$13.1K −$7.30/SF
NOI
$39.3K $21.89/SF
Area
ZIP 94601
Vacancy
24.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$785,780
Cap Rate 7%
$561,271
Cap Rate 9%
$436,544
Alternative Uses
Best Use
Office B
$561.3K
$491.1K – $654.8K
NOI $39,289 @ 7.0% cap · market cap 7.86%
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
Lease Details
2
Residential units
Yes
Highway access
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-level commercial space accompanies two updated residential units and a private backyard.
Where is this mixed-use property 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: 3‑unit mixed‑use property with 1,795 sq ft, per county records; Ground‑level storefront or workspace with a business use permit; Two residential units: 2BD/1BA and 3BD/2BA
