# 2150 35th Ave · The Rent Hacker > Underwriting record for 2150 35th Ave (East Bay): the published verdict at The Rent Hacker's defaults, plus a calculator that reruns it at your numbers. Canonical: https://therenthacker.com/property/rh-gdzros/2150-35th-ave/ Source: The Rent Hacker (https://therenthacker.com/). License: RSL, attribution required — https://therenthacker.com/license.xml --- Rejected # 2150 35th Ave This one never reached the math. What stopped it is below. 94601 · East Bay mixed-use (commercial financing) Underwritten as of 2026-09-02 · record v5 **Published at our defaults:** House-Hack wins by $141,745 · S&P breakeven 11.6% first-pass screen C C — wins the cautious case, but the S&P 500 only needs 10–13% a year to tie. [Run your own numbers on any building →](/calculator/) ## Why we rejected it - mixed-use (commercial financing) Rejected when we checked the listing itself. [Open these numbers in the calculator →](/calculator/#i=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) Every slider starts at this page's inputs; change any of them and the verdict re-runs at yours. ## Property facts Asking price $499,999 Units 2 Beds / baths 6 / 4 Square feet 1,795 Year built 1910 Property type Multi-Family Unit count verified: 3 units, corroborated by county assessor records and the listing itself. ## If the market turns Modeled appreciation is an assumption, so we replayed this deal against history: every 10-year window in the federal house-price index for Alameda County (41 windows), each one swapping its actual price path in for our modeled appreciation. History replay Years Ends vs the never-buy path Worst window 1989→1999 +$13,297 Median window 2014→2024 +$377,617 Best window 1996→2006 +$1,077,282 None of the 41 windows ended behind the never-buy path. Replay the 2008 crash as it hit this area and the deal ends year 10 $122,859 behind the never-buy path; the deepest point comes in year 6, $224,651 behind. These windows track Alameda County as a whole. Within the county, individual ZIPs' realized 10-year outcomes typically differed from the county's by about ±1.2 points/yr — one zip-decade in ten differed by ±3.5 points/yr or more, and the largest gap since 1975 was 5.5 points/yr. A specific building varies more than its ZIP, not less. ## Where these numbers come from Of the 10 inputs behind this analysis, 3 trace to evidence (our listing feed, area comps, county records); 2 are standing conventions; 3 are derived from other inputs. - **Purchase price**: our listing feed · corroborated - **Rent while you live in one unit**: derived from other inputs here · single source - **Rent after you move out**: an unclassified source · no independent witness - **The rent you would pay on the never-buy path**: derived from other inputs here · single source - **Property tax rate**: local rent regulation · single source - **Unit count**: county assessor records · corroborated A standing convention is a deliberate modeling choice we apply to every deal. We flag it rather than dress it up as evidence. ## Want this for an address you pick? Every week we underwrite this metro’s 2-4 unit listings against the S&P and publish the [whole board](/board/), with the reason on every one we rejected. [Or look up a specific San Francisco address](/lookup/) ## Want this analysis for another address? Any San Francisco address, underwritten the same way — cautious rents, the registry, the S&P line. [Underwrite an address →](/lookup/) A full report like this one, for an address you pick: Underwrite an address — $79, delivered within one business day. Record v5 · engine aafb236 · profile fha-house-hack Next ## This is one row of the East Bay board. The run of September 2, 2026 put every two-to-four-unit listing in East Bay through the same comparison. The rest of the board, losers and rejections included, is one page. [See the East Bay board](/board/sf-east-bay/) [Underwrite one address for $79](/lookup/#underwrite) [Take the pass, $49/mo](/checkout/?tier=pass&r=eb) In our guide to house hacking Oakland: [Fruitvale / lower San Antonio (94601)](/house-hacking/oakland-fruitvale-94601/) · [East Bay guide](/house-hacking/east-bay/)