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2535 Wallace Street

Oakland, CA 94606
  • $1,250,000
  • STATUS: Active
  • ON SITE: 96 Days
  • ID#: 41089731
UPDATED: 5 min ago
$1,250,000
  • 4
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $521
    $/SQFT
Type:
Multi-Family
Built:
1918
County:

School Ratings & Info

Description

Unlock the full potential of this three-unit property with a separate buildable lota rare value-add opportunity for investors and contractors. The existing building features one two-bedroom, two-bathroom unit, one two-bedroom, one-bathroom unit, and a studio, offering a versatile unit mix for strong rental income. The adjacent lot provides a blank canvas for expansion, allowing for the development of an additional structure to maximize returns. The current units are in excellent condition and with the ability to capitalize on the development potential, this property presents endless possibilities. Situated in a prime location, close to transit, retail, and major employment hubs, this is a must-see opportunity for investors looking to create significant value.

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Contra Costa Association of Realtors logo Bay East ©2025. CCAR ©2025. bridgeMLS ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2025-06-22T22:36:19.907.

www.rescom-properties.com/homes/161522996
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2535 Wallace Street Oakland, CA 94606

  • Price: $1,250,000
  • Status: Active
  • On Site: 96 Days
  • Updated: 5 min ago
  • ID#: 41089731
4
Beds
0
Baths
0
½ Baths
0.13
Acres
2,400
SQFT
$521
$/SQFT
1918
Built
County:
Alameda
Property Description
Unlock the full potential of this three-unit property with a separate buildable lota rare value-add opportunity for investors and contractors. The existing building features one two-bedroom, two-bathroom unit, one two-bedroom, one-bathroom unit, and a studio, offering a versatile unit mix for strong rental income. The adjacent lot provides a blank canvas for expansion, allowing for the development of an additional structure to maximize returns. The current units are in excellent condition and with the ability to capitalize on the development potential, this property presents endless possibilities. Situated in a prime location, close to transit, retail, and major employment hubs, this is a must-see opportunity for investors looking to create significant value.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Wood Siding Exterior Features Back YardYard Space Fencing Fenced Garage YN No Lot Size Area 0.13 Parking Features Off Street Parking Spaces Total 2

Interior Features

Appliances Electric Water HeaterTankless Water Heater Basement Separate Entry Building Area Total 2400 Cooling Central Air Cooling YN Yes Flooring Engineered Wood Heating Forced Air Heating YN Yes

Property Features

Age 107 Association YN No City Transfer Tax Yes For Sale Or Rent For Sale Listing Terms Price As Is Lot Features Sloped Down Point Of Sale Ordinance Yes Property Sub Type Triplex Special Listing Conditions Offer As Is

Contra Costa Association of Realtors logo Listing courtesy of Nolan Jones of KELLER WILLIAMS TRI VALLEY REALTY: .


Contra Costa Association of Realtors logo Bay East ©2025. CCAR ©2025. bridgeMLS ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2025-06-22T22:36:19.907.

 
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Linda Blair | ResCom Properties
376 First Street
Benicia CA, 94510