2802 38th Ave, Oakland, CA 94619

Oakland
Local realty services provided by:ERA Excel Realty
2802 38th Ave,Oakland, CA 94619
$799,888
  • - Beds
  • - Baths
  • 3,171 sq. ft.
  • Multi-family
  • Active
Listed by: grace nguyen
Office: realty one group future
MLS#:41132978
Source:MLSListings

Price summary

  • Price:$799,888
  • Price per sq. ft.:$252.25

About this home

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...

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Home facts

  • Year built:1925
  • Listing ID #:41132978
  • Added:82 day(s) ago
  • Updated:July 29, 2026 at 05:29 PM

Rooms and interior

  • Flooring:Concrete, Laminate, Tile, Wall to Wall Carpet
  • Living area:3,171 sq. ft.

Heating and cooling

  • Heating:Electric, Gas

Structure and exterior

  • Year built:1925
  • Building area:3,171 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Corner
  • Construction Materials:Concrete, Siding - Wood, Stucco, Wood Frame
  • Exterior Features:Balcony/Patio, Fenced Yard, Patio

Utilities

  • Water:Gas Water Heater

Finances and disclosures

  • Price:$799,888
  • Price per sq. ft.:$252.25

Features and amenities

  • Amenities:Balcony or Patio, Window Covering(s)

Parking

  • Parking description:1 Cars Carport
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