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$1,250,000

$6,000Reward *

2535 Wallace Street, Oakland, CA 94606Listing ID 41089731

2535 Wallace Street, Oakland, CA 94606

Active

Time on site: 472 days • Last updated: Mar 29, 2025

Property Type

Residential Income

Property Sub Type

Triplex

Acres

0.13

Days on Site

471

Heating

Forced Air

Year Built

1918

Parking

On Street

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.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

BMLS-R01509417

2535 Wallace Street, Oakland, CA 94606

Market Report for 94606

Property Information

Property Details

Location

Interior Features

Heating and Cooling

Building

Building Information