2802 38th Ave, Oakland, CA 94619

Oakland
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
2802 38th Ave,Oakland, CA 94619
$799,888
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: grace nguyen
Office: realty one group future925-230-0700
MLS#:41132978
Source:CRMLS

Price summary

  • Price:$799,888

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:46 day(s) ago
  • Updated:June 15, 2026 at 10:39 AM

Rooms and interior

  • Flooring:Carpet, Concrete, Laminate, Tile

Heating and cooling

  • Heating:Electric, Natural Gas

Structure and exterior

  • Year built:1925
  • Lot area:0.08 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Concrete, Stucco, Wood Siding

Finances and disclosures

  • Price:$799,888

Features and amenities

  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:1
  • Parking description:Carport
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