2535 Wallace St Oakland, CA 94606
Highland Terrace NeighborhoodEstimated payment $7,225/month
Total Views
3,445
4
Beds
4
Baths
2,400
Sq Ft
$521
Price per Sq Ft
Highlights
- Engineered Wood Flooring
- Cooling Available
- Forced Air Heating System
- No HOA
- Tankless Water Heater
- Wood Siding
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,615
Year Built
- Built in 1918
Parking
- Off-Street Parking
Home Design
- Triplex
- Composition Shingle Roof
- Wood Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Cooling Available
- Forced Air Heating System
- Tankless Water Heater
Additional Features
- Engineered Wood Flooring
- 5,798 Sq Ft Lot
Community Details
- No Home Owners Association
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,615 | $93,418 | $27,121 | $66,297 |
| 2023 | $3,619 | $91,586 | $26,589 | $64,997 |
| 2022 | $3,374 | $89,791 | $26,068 | $63,723 |
| 2021 | $3,001 | $88,031 | $25,557 | $62,474 |
| 2020 | $2,962 | $87,129 | $25,295 | $61,834 |
| 2019 | $2,707 | $85,420 | $24,799 | $60,621 |
| 2018 | $2,652 | $83,746 | $24,313 | $59,433 |
| 2017 | $2,493 | $82,105 | $23,837 | $58,268 |
| 2016 | $2,322 | $80,495 | $23,369 | $57,126 |
| 2015 | $2,207 | $79,286 | $23,018 | $56,268 |
| 2014 | $2,149 | $77,732 | $22,567 | $55,165 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | Off Market | $1,250,000 | -- | -- |
| 03/29/2025 03/29/25 | For Sale | $1,250,000 | 0.0% | $521 / Sq Ft |
| 03/17/2025 03/17/25 | For Sale | $1,250,000 | -- | $521 / Sq Ft |
Source: bridgeMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | $62,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $380,000 | New Conventional | |
| Previous Owner | $170,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in the area
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$1,195,000
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Source: bridgeMLS
MLS Number: 41089731
APN: 022-0347-008-00
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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.
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