Bay’s Elite Investments is pleased to present to the seasoned investors a unique investment property in a solid Oakland location in the Bartlett/Allendale neighborhood. This 18 unit apartment complex features Six 2 bed/1bath and Twelve 1bed/1bath units with and four 1bd/1bth units with market rate tenants, with an excellent long-term upside. The property was originally built in 1954, offers approximately 11,960 square feet www.eliteinvests.com of rental space, and sits on a 1/2 acre lot with 18 parking space, majority of them being carports (1 to 1 ratio). Some units have been remodeled over time and offer newer kitchens and bathrooms, vinyl floors, and so on. The building is located about 3 minutes from 580 freeway with a quick and easy commute to Oakland Lake Merritt or a 30 minute drive to downtown San Francisco. Fruitvale BART is literary a 5 minute drive or bike ride south on 35th Ave or 10 minutes on bus. The current owners have made substantial capital expenditures in the property in the past several years. The roof 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. And the units have been extensively rehabbed upon turnover.
Property Details
Price:
$2,750,000
MLS #:
41093383
Status:
Active
Baths:
0
Address:
2550 35th ave
Type:
Residential Income
City:
Oakland
Listed Date:
Apr 15, 2025
State:
CA
ZIP:
94601
Lot Size:
21,780 sqft / 0.50 acres (approx)
Year Built:
1956
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
18.00
Roof
Foam
Financial
Association Fee
0.00
Taxes
$0
Tenant Pays
Gas
Map
Community
- Address2550 35th ave Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94601
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2550 35th ave
Oakland, CA
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