2802 38th Ave, Oakland, CA 94619
- $799,888
- 3,171
- SqFt
- List Price
- $799,888
- Days on Market
- 91
- MLS#
- 41132978
- Living Sq. Ft
- 3,171
- Lot Size
- 3,493
- Type
- Multifamily
- Zip
- 94619
- city
- Oakland
Property Description
2802 38th Avenue, Oakland presents a compelling mixed-use investment opportunity with immediate cash flow and strong upside potential. The property consists of three residential units—two 2BR/1BA units and one 3BR/1BA unit—along with one commercial space, providing diversified income streams and reduced vacancy risk. Currently generating approximately $7,500/month ($90,000+ annually), this asset offers solid in-place income with projected upside to $90,384+ annually. With tenants responsible for most utilities, operating expenses remain low, contributing to a favorable net operating income (NOI) profile. At an asking price of $788,999, the property is projected to deliver an attractive cap rate in the ~7% range (buyer to verify), making it a strong addition to any income-focused portfolio. Strategically located in the Allendale neighborhood, the property benefits from proximity to I-580, offering convenient access to Downtown Oakland and San Francisco. Nearby retail corridors along Fruitvale Avenue and MacArthur Boulevard enhance tenant demand and long-term rental stability. This is a low-maintenance, high-yield asset ideal for investors seeking cash flow, diversification, and long-term appreciation in a growing East Bay market.
Additional Information
- Exterior
- Concrete, Stucco, Frame, Wood Siding, Wood, Shingle Siding
- Building Type
- Quadruplex
- Garage
- Yes
- Garageparking
- Carport, No Garage, On Street, Uncovered Parking Space
- Lot Description
- Corner Lot
- Neighborhood
- Allendale
- Heating
- Electric, Natural Gas
- Cooling
- Room Air
- Year Built
- 1925
- Water Sewer
- Public
- Flooring
- Concrete, Laminate, Tile, Carpet
- Acres
- 0.08
- Roof
- Shingle
Mortgage Calculator
Listing courtesy of Grace Nguyen from Realty ONE Group Future. 510-304-0888
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