Skip to main content

Multifamily

Fruitvale Apartments

1453 35th Ave, Oakland, CA 94601

Listing Price: $888,000

Number of Units
5
Price/Unit
$177,600
Price/Gross SF
$276.21
Gross SF
3,215

Investment Overview

Fruitvale Apartments offers investors a rare opportunity to acquire five units in an exceptionally desirable location. The property consists of one three-bedroom/one-bathroom apartment and three one-bedroom/one-bathroom apartments, as well as a separate two-bedroom/one-bathroom house. With a market cap rate of 11 percent, the next owner has the potential to dramatically increase NOI and property value upon tenant turnover. Resident amenities include coin-operated laundry and off-street parking for all units. This location is rated a “Walker’s Paradise” and “Very Bikeable” by Walk Score. Within a 10-minute walking radius, residents have access to BART, multiple cafes and restaurants, a supermarket, Fruitvale Station Shopping Center, and Fruitvale Village Shopping Mall. Nearby recreation spaces include Josie de la Cruz Park, Cesar Chavez Park, and Fremont Pool. The subject is 10 minutes from downtown Oakland and Fruitvale BART by bike or car, and 20 minutes to San Francisco. This prime location ensures high long-term rental demand and value creation.

Investment Highlights

  • Five Units Just Three Blocks from Fruitvale BART
  • Excellent Unit Mix: One Three-Bedroom/One-Bathroom; One Two-Bedroom/One-Bathroom; Three One-Bedroom/One-Bathroom
  • Very Low Price per Unit
  • More than 130-Percent Rental Upside
  • 11.1 Percent Market Cap Rate
  • Amenities: Off-Street Parking, Coin-Operated Laundry, Storage

Exclusively Listed By

Multifamily

Fruitvale Apartments

Listing Price: $888,000

Number of Units
5
Price/Unit
$177,600
Price/Gross SF
$276.21
Gross SF
3,215

Investment Highlights

  • Five Units Just Three Blocks from Fruitvale BART
  • Excellent Unit Mix: One Three-Bedroom/One-Bathroom; One Two-Bedroom/One-Bathroom; Three One-Bedroom/One-Bathroom
  • Very Low Price per Unit
  • More than 130-Percent Rental Upside
  • 11.1 Percent Market Cap Rate
  • Amenities: Off-Street Parking, Coin-Operated Laundry, Storage

Investment Overview

Fruitvale Apartments offers investors a rare opportunity to acquire five units in an exceptionally desirable location. The property consists of one three-bedroom/one-bathroom apartment and three one-bedroom/one-bathroom apartments, as well as a separate two-bedroom/one-bathroom house. With a market cap rate of 11 percent, the next owner has the potential to dramatically increase NOI and property value upon tenant turnover. Resident amenities include coin-operated laundry and off-street parking for all units. This location is rated a “Walker’s Paradise” and “Very Bikeable” by Walk Score. Within a 10-minute walking radius, residents have access to BART, multiple cafes and restaurants, a supermarket, Fruitvale Station Shopping Center, and Fruitvale Village Shopping Mall. Nearby recreation spaces include Josie de la Cruz Park, Cesar Chavez Park, and Fremont Pool. The subject is 10 minutes from downtown Oakland and Fruitvale BART by bike or car, and 20 minutes to San Francisco. This prime location ensures high long-term rental demand and value creation.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower