About 2133 34th Avenue
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.
Features of 2133 34th Avenue
| MLS® # | 424042455 |
|---|---|
| Price | $1,000,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 2,839 |
| Acres | 0.10 |
| Year Built | 1964 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 2133 34th Avenue |
|---|---|
| Area | Oakland Zip 94601 |
| City | Oakland |
| County | Alameda |
| State | CA |
| Zip Code | 94601 |
Amenities
| Utilities | City, Internet Available, Natural Gas Connected |
|---|---|
| Parking Spaces | 6 |
| Parking | Covered, Tandem |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Fireplace | No |
| Stories | Two |
| Has Basement | No |
Exterior
| Lot Description | Sidewalk, None |
|---|---|
| Construction | Stucco |
Additional Information
| Date Listed | June 16th, 2024 |
|---|
Listing Details
| Agent | Brandon Tran |
|---|---|
| Office | Fifty Hills Real Estate |