Three-Unit Residential Income
3038 35Th Ave, Oakland, CA 94619
For Sale
$730,000
Three rental units include 3-, 2-, and 1-bedroom layouts, with weather-resistant stucco exterior and two parking spaces.
Property Size2,682 SF
Days on Market398
Property Features for 3038 35Th Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
Fireplace
Security System
Wall Furnace
Floor Furnace
No Air Conditioning
Dryer
Washer
Tankless Water Heater
Building Details
Building Size
Year Built
Construction
Tenancy
Listing Agency:
eXp Realty of California
Listed By:
Katrina Carter · License CA #01324500
(510) 288-6002
Source:
Kw
Added: Oct 10, 2025
Changed: Nov 10
Last Checked: Nov 10 at 12:07PM
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
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Investment Insights
Based on property information with market context.
This three-unit residential income property consists of one 3-bedroom, 1-bath unit, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit. Units one and two are currently owner occupied, and the property will be delivered vacant.
The exterior is weather-resistant stucco. Each unit is equipped with floor and wall furnaces for year-round comfort, and the property provides two parking spaces.
Conveniently located near cafes and restaurants, a supermarket, Laurel District Shops, Fruitvale Neighborhood Shopping, and is also close to downtown Oakland and Fruitvale BART.
The exterior is weather-resistant stucco. Each unit is equipped with floor and wall furnaces for year-round comfort, and the property provides two parking spaces.
Conveniently located near cafes and restaurants, a supermarket, Laurel District Shops, Fruitvale Neighborhood Shopping, and is also close to downtown Oakland and Fruitvale BART.
Key Highlights
- 3‑unit property built in 1924 with 3-, 2-, and 1‑bedroom layouts
- Unit mix: one 3 bed / 1 bath, one 2 bed / 1 bath, and one 1 bed / 1 bath
- Weather‑resistant stucco exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,465
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,300
$1.2M
Cap Rate 7%
$878,071
$878.1K
Cap Rate 9%
$682,944
$682.9K
Market Conditions
NOI Build-Up for 2,682 SF
Gross rent
$91.7K $34.20/SF
− Vacancy
−$3.9K −$1.46/SF
EGI
$87.8K $32.74/SF
− OpEx
−$26.3K −$9.82/SF
NOI
$61.5K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,300
Cap Rate 7%
$878,071
Cap Rate 9%
$682,944
Alternative Uses
Best Use
Multifamily LT 5
$878.1K
$768.3K – $1.02M
NOI $61,465 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$809.0K
$707.9K – $943.9K
NOI $56,631 @ 7.0% cap · market cap 7.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
Demographics for 94619, CA
24,867
Population
10,348
Households
2.4
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
8.3 sq mi
ZIP Area
2,996
Density / Sq Mi
$129,879
Median Household Income
$65,351
Median Earnings
$2,131
Median Rent
$997,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Oakland, CA
Properties on Market for Triplexes in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three rental units include 3-, 2-, and 1-bedroom layouts, with weather-resistant stucco exterior and two parking spaces.
Where is this triplex located?
The property is located at 3038 35Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 3‑unit property built in 1924 with 3-, 2-, and 1‑bedroom layouts; Unit mix: one 3 bed / 1 bath, one 2 bed / 1 bath, and one 1 bed / 1 bath; Weather‑resistant stucco exterior
