Investment Highlights

• 3020-3025 35th Avenue is a turnkey, exceptionally well-maintained, multi-family property located just below the Laurel District in the vibrant Allendale neighborhood of Oakland. This investment opportunity offers significant rental upside potential and value enhancement opportunities, making it ideal for both seasoned investors and newcomers to the real estate market.
• Constructed in 1961, this two-story, wood-framed building features a durable stucco exterior and is situated on a generous 14,600 square foot lot, offering a total of 17,016 rentable square feet. The property comprises 18 units, thoughtfully designed to accommodate various tenant needs, along with carport parking for tenant convenience. Unit Mix: o 2 non-conforming one-bedroom, one-bathroom units o 15 two-bedroom, one-bathroom units o 1 non-conforming three-bedroom, one-bathroom unit
• The property has seen several significant upgrades, ensuring low future repair and maintenance costs. Updates include a new roof and exterior paint (2018), seismic retrofit (2020), 4 fully renovated units and 6 partially renovated units, new windows (2022) and work has begun on balcony and raised walks to ensure compliance with current safety regulations.
• In addition, this property features a manager's office and storage space (for the owner only), as well as onsite laundry facilities with owned machines generating strong cash flow.
• Strategically located just a few blocks from I-580, commuting is a breeze for residents. The property is also well-served by major AC Transit bus lines along 35th Avenue, providing easy access to broader Oakland and beyond.
• Additionally, the subject property is situated near the vibrant Laurel District, known for its diverse array of shops, restaurants, and local services. Residents can enjoy a variety of dining options, from cozy cafes to popular eateries, all within a short distance. 3020-3030 35th Avenue is also near MacArthur Boulevard, a bustling thoroughfare lined with several retail establishments as well. Residents will have easy access to local favorites and familiar conveniences.