Strategically located in Fruitvale District between I-580 and I-880, 2133 34th Avenue is a rare opportunity to acquire a turnkey 3 unit apartment building in the emerging Oakland Market. The asset features (1) One Bedroom One Bathroom Unit, (1) Two Bedroom One Bathroom Units, and (1) 3 Bedroom One Bathroom Unit., Three covered parking spots, each with one additional tandem uncovered spot totaling 6 parking spots. Unit 2 was remodeled in 2023, and Unit 3 was remodeled in 2022. Potential to add coin operated laundry machines for additional income. Close proximity to mass transit. Offered at an attractive 6.35% CAP Rate/10.89 GRM and Pro Forma CAP Rate 6.75%/10.47 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside.
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 0
Living Area: 2,839 SqFt
Listing Office:
Office Name: Fifty Hills Real Estate
Office Phone: (415) 841-3886
Listing Agent: Brandon Tran, Patrick Gonzales
Interior Features
Interior Information:
Flooring Type: Carpet, Vinyl
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 6
Exterior Features
Parking Information:
Parking: Covered, Tandem
Lot Features
Lot Information:
Lot: Sidewalk
Lot Size: 0.10 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $1,000,000
Price Per SqFt: $352/SqFt
Tax Information:
Annual Amount: $7,044
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
5
/10
Achieve Academy
1700 28th Ave
Distance between this listing and this school0.42 miles
Public Charter Grades KG-5
3
/10
Global Family Elementary School
2035 40th Ave
Distance between this listing and this school0.48 miles
Public District Grades KG-5
5
/10
Learning Without Limits
2035 40th Ave
Distance between this listing and this school0.49 miles
Public Charter Grades KG-5
Nearby Schools
2
/10
United for Success Academy
2101 35th Ave
Distance between this listing and this school0.16 miles
Public District Grades 6-8
3
/10
Urban Promise Academy
3031 E 18th St
Distance between this listing and this school0.32 miles
Public District Grades 6-8
4
/10
Oakland Charter Academy
4215 Foothill Blvd
Distance between this listing and this school0.73 miles
Public Charter Grades 6-8
Nearby Schools
8
/10
Oakland Charter High School
2433 Coolidge Ave
Distance between this listing and this school0.10 miles
Public Charter Grades 9-12
6
/10
Life Academy
2101 35th Ave
Distance between this listing and this school0.16 miles
Public District Grades 6-12
2
/10
Opportunity Academy
2300 International Blvd
Distance between this listing and this school0.87 miles
The neighbors living near this home have an average income of $32,519. The majority of Oakland, CA residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
This home is located at 2133 34th Ave in Oakland, CA and zip code 94601 in the Peralta Hacienda neighborhood. This 2,839 square foot home, which was built in 1964, sits on a 0.10 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 17, 2024 and is currently priced at $1,000,000.
Oakland, CA housing market in November 2024 saw over 122 listings sold above listed price, more than 21 sold at listed price and over 59 sold below. The number of listings in Oakland, CA decreased by 12.3% between October 2024 and November 2024. In November 2024 median list price was $850,000 and the average listing age was 42 days.
From Rocket Homes Real Estate and based on county public records data.