photo 1: 2535 Wallace Street, Oakland CA 94606

Courtesy of Nolan Jones, KELLER WILLIAMS TRI VALLEY REALTY 510-867-4806

Active

2535 Wallace Street, Oakland CA 94606

$1,250,000

Price

-

Beds

-

Baths

2,400

Sq. Ft.

Unlock the full potential of this three-unit property with a separate buildable lot—a 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.

Listing Type

Multifamily

Property Type

Triplex

Built Year

1918

Levels

--

Price/Sqft

--

Lot Size Acre

0.13

Status

Active

Days on Realoq

21

Living Area

2,400 Sq. Ft.

Lot Size Sqft

5,798 Sq. Ft.

Location

Brokerage

KELLER WILLIAMS TRI VALLEY REALTY

Source AOR

Alameda

Listing ID #

41089731

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 04/08/2025 12:10 AM.

Listing Information © 2025 Bay East, CCAR, bridgeMLS. All Rights Reserved.

MLS Search Powered by Home Junction.

Sunita Gurung Easterday, CALDRE 01975888, Realoq Inc., CALDRE 02221797, 877-798-2005, 2001 Clayton Road Suite 200, Concord, CA 94520

Connect with Top Agents in Your Area
Unlock Your Path to Financial Confidence
Get Pre-Approved Now

Today's Mortgage Rates - California