Property Description
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.
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$21,312
TurboHome Estimated Value
$1,335,400
$556 sqft
High Valuation
$1,402,170
$584/sqft
Normal Valuation
$1,335,400
$556/sqft
Low Valuation
$1,268,630
$529/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $556/sqft | $1,335,400 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Tuxedo
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Comparative Value
$925K
$1.05M
$1.25M
2733 19th Ave, Oakland, CA 94606
Sale Price: $925,000
Selected Comparable
219 Foothill Blvd, Oakland, CA 94606
Sale Price: $1,050,000
Selected Comparable
2568 Scenic Ave, Oakland, CA 94602
Sale Price: $1,060,000
Selected Comparable
2535 Wallace St, Oakland, CA 94606
List Price: $1,250,000
Subject Property
Neighborhood Comps
Subject Property
SUBJECT2535 Wallace St, Oakland, CA 94606
List: $1,250,000
Listed: 3/17/2025
Area:2,400 sqft
Price/sqft:$521
Beds:3
Baths:—
Year Built:—
Lot Size:5,798
Comparable Properties
COMPARABLEChoose comps
2568 Scenic Ave, Oakland, CA 94602
Sale: $1,060,000
12/23/2024 • 1.43 mi
Area:2,225 sqft
Price/sqft:$476
Beds:4
Baths:—
Year Built:—
Weight:34.7%
2733 19th Ave, Oakland, CA 94606
Sale: $925,000
10/31/2024 • 0.18 mi
Area:1,930 sqft
Price/sqft:$479
Beds:4
Baths:—
Year Built:—
Weight:34.4%
219 Foothill Blvd, Oakland, CA 94606
Sale: $1,050,000
6/26/2025 • 1.11 mi
Area:3,112 sqft
Price/sqft:$337
Beds:4
Baths:—
Year Built:—
Weight:30.9%
Subject Property
SUBJECTImage | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
2535 Wallace St, Oakland, CA 94606 | $1,250,000 | 2,400 | $521 | 5,798 | — | 3/17/2025 | 3 | — | — | — |
Comparable Properties
COMPARABLEChoose comps
Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
2568 Scenic Ave, Oakland, CA 94602 | $1,060,000 | 2,225 | $476 | 4,355 | 1.43 mi | 12/23/2024 | 4 | — | — | 34.7% | |
2733 19th Ave, Oakland, CA 94606 | $925,000 | 1,930 | $479 | 3,360 | 0.18 mi | 10/31/2024 | 4 | — | — | 34.4% | |
219 Foothill Blvd, Oakland, CA 94606 | $1,050,000 | 3,112 | $337 | 5,227 | 1.11 mi | 6/26/2025 | 4 | — | — | 30.9% |
Nearby Listings
19 similar properties within 5 miles

List Price: $1,150,000
535 Zorah St, Oakland, CA 94606
2 bd 1 ba 1,427 sqft
TurboHome Est. Value:
$1,092,500

List Price: $1,400,000
314 Hanover Ave, Oakland, CA 94606
4 bd 2,585 sqft
TurboHome Est. Value:
$1,366,200

List Price: $1,199,000
3086 Capp St, Oakland, CA 94602
4 bd 2,152 sqft
TurboHome Est. Value:
$766,400
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