3020 35th Ave Immeuble residentiel 18 lots 2 823 584 € (156 866 €/Lot) Taux de capitalisation 7,01 % Oakland, CA 94619

3020–3025 35th Avenue offers investors a compelling opportunity to acquire a well-maintained and well-located multifamily property near the Laurel District in Oakland’s vibrant Allendale neighborhood.
Built in 1961, this two-story, wood-frame building features a durable stucco exterior and sits on an expansive 14,600 square foot lot with approximately 17,016 rentable square feet. The property comprises 18 units: (2) non-conforming one-bedroom, one-bath units, (15) two-bedroom, one-bath units, and (1) non-conforming three-bedroom, one-bath unit. The spacious floor plans are well-designed, and several units have already been renovated, providing immediate appeal.
Much of the heavy lifting has been done to help minimize lower future repair and maintenance costs. Capital improvements include a new roof and exterior paint (2018), seismic retrofit (2020), 4 fully renovated units and 6 partially renovated units, all new windows (2022). Plus, the work for balcony and raised walks compliance and safety regulations is already underway presenting a new owner a turn-key, cash flowing property with a fair amount of built-in upside.
Amenities include a manager’s office and owner storage for maintenance plus onsite laundry facilities with owned machines to generate additional income, as well as tuck under parking for tenant convenience.
The property’s location provides easy commuter access to I-580 just a few blocks away, along with major AC Transit bus lines along 35th Avenue. Just blocks from the vibrant and growing Laurel District, residents have quick access to a wide variety of restaurants, shops, and services along MacArthur Blvd, like Farmer Joe's Marketplace.
3020–3025 35th Avenue provides investors a chance to own a turnkey property with solid immediate cash flow plus rent upside potential in a vibrant, well-connected neighborhood. The recent capital upgrades, central location and spacious units should attract steady tenant demand for years to come.