Oakland Multifamily Investment
2550 35th ave, Oakland, CA 94601
For Sale
$2,650,000
18-unit apartment complex in Oakland's Bartlett/Allendale neighborhood.
Property Size11,928 SF
Lot Size0.50 Acres
Price / SF$222.17
Days on Market268
Property Features for 2550 35th ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Amenities
Dryer
Washer
Playground
Polyurethane Roof
Vinyl Flooring
Wall Furnace Heating
Building Details
Year Built
Listing Agency:
BAY'S ELITE INVESTMENTS
(510) 214-2616
Listed By:
PEDRAM KARBASSI
Source:
Corcoran
Added: Feb 17
Changed: Aug 24
Last Checked: Jun 26 at 5:18PM
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
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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 includes six 2-bedroom/1-bath units and twelve 1-bedroom/1-bath units. The building offers approximately 11,928 square feet of rental space and is situated on a 0.5-acre lot with 18 parking spaces, the majority of which are carports, providing a 1:1 parking ratio. Some units have been remodeled and feature updated kitchens and bathrooms with 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 in recent years, including roof replacement and recoating in 2024 and 2025 at a cost of approximately $40,000. The property was earthquake retrofitted in 2024 at a cost of about $110,000. Units have been extensively rehabbed upon turnover.
Key Highlights
- Excellent long‑term upside potential with market‑rate tenants.
- Recent significant capital improvements: new/recoated roof (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
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Location Intelligence
Trade Area within ½ mile
765
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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
$703,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Oakland, CA
Properties on Market for Apartment buildings in Oakland
Vacancy Rate% for Multifamily in West region
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.; Recent significant capital improvements: **new/recoated roof (2024/2025) and earthquake retrofitting (2024).**; 18‑unit apartment complex with a mix of 2 bed/1 bath and 1 bed/1 bath units.
