Unlock the full potential of this three-unit property with a separate buildable lot—a rare value-add opportunity for investors and contractors. The existing building features one two-bedroom, two-bathroom unit, one two-bedroom, one-bathroom unit, and a studio, offering a versatile unit mix for strong rental income. The adjacent lot provides a blank canvas for expansion, allowing for the development of an additional structure to maximize returns. The current units are in excellent condition and with the ability to capitalize on the development potential, this property presents endless possibilities. Situated in a prime location, close to transit, retail, and major employment hubs, this is a must-see opportunity for investors looking to create significant value.
Property Details
Price:
$1,250,000
MLS #:
41089731
Status:
Active
Baths:
0
Address:
2535 Wallace Street
Type:
Residential Income
Subtype:
Triplex
City:
Oakland
Listed Date:
Mar 17, 2025
State:
CA
ZIP:
94606
Lot Size:
5,798 sqft / 0.13 acres (approx)
Year Built:
1918
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Schools
Interior
Appliances
Electric Water Heater
Heating
Forced Air
Exterior
Lot Features
Sloped Down, Back Yard
Parking Features
Street
Parking Spots
2.00
Roof
Shingle
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address2535 Wallace Street Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94606
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2535 Wallace Street
Oakland, CA
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