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1630 35th Ave 9 Unit Apartment Building $2,100,000 ($233,333/Unit) 6.60% Cap Rate Oakland, CA 94601
INVESTMENT HIGHLIGHTS
- Ideal unit mix comprising of one three-bedroom / one-bathroom unit, four two-bedroom / one-bathroom units, and four one-bedroom / one-bathroom units
- Separately Metered for PGE and Water
- Easy access to transportation with the Fruitvale BART Station just a brief 5-minute drive away, facilitating seamless commutes for tenants
- Potential for building additional ADU units on the property
- Onsite parking and washer/dryer for residents
EXECUTIVE SUMMARY
1630 35th Ave is a two-story building in Oakland, CA's Fruitvale submarket. Ideally situated on a quiet street the property features a unit mix comprising of one three-bedroom / one-bathroom unit, four two-bedroom / one-bathroom units, and four one-bedroom / one-bathroom units. This property presents a promising opportunity for substantial rental growth through turnovers and building additional ADU units on the property. This opens doors for investors to secure an investment in a thriving market with robust growth potential. Onsite parking addresses a common resident need, adding convenience to the property. With a highly attractive price per unit and per square foot, this property offers an appealing investment opportunity.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.60% | Building Size | 5,450 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.52 | No. Stories | 2 |
| No. Units | 9 | Year Built/Renovated | 1959/2020 |
| Property Type | Multifamily | Parking Ratio | 1.65/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM2 - Mixed Housing Type Residential Zone - 2 | ||
| Price | $2,100,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.52 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2020 |
| Parking Ratio | 1.65/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM2 - Mixed Housing Type Residential Zone - 2 |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 605 |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 033-2129-024-00 | Improvements Assessment | $1,209,992 (2025) |
| Land Assessment | $492,133 (2025) | Total Assessment | $1,702,125 (2025) |
PROPERTY TAXES
Parcel Number
033-2129-024-00
Land Assessment
$492,133 (2025)
Improvements Assessment
$1,209,992 (2025)
Total Assessment
$1,702,125 (2025)
CONTACTS
-
Matthew Rulloda -
Monjid Aldiyyat -
Berkshire Hathaway HomeServices Drysdale Properties
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1630 35th Ave
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