3128 Fruitvale Ave, Oakland, CA 94602

Oakland
Local realty services provided by:ERA North Orange County Real Estate
3128 Fruitvale Ave,Oakland, CA 94602
$3,525,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: willem bos
Office: compass415-660-9955
MLS#:41149663
Source:CRMLS

Price summary

  • Price:$3,525,000

About this home

Renovated with huge upside: ownership has invested $492,707 in improvements since 2018, yet eight of the 14 apartments still rent below $1,300 a month, leaving 53% upside to market. The work includes six gut-remodeled units, new copper plumbing and a heat pump water heater, a sewer lateral, main electrical panels, a roof and a new parking lot. The property is Soft Story and SB 721 compliant. Offered at $3,525,000, a 6.02% current cap and 10.13 GRM, growing to a 10.36% cap and 6.69 GRM at market rents. This 18-unit mixed-use property in Oakland's Dimond District offers 14 apartments and 4 commercial storefronts across three buildings on a 20,000 SF lot with 14 surface parking spaces. The unit mix is seven 1BR/1BA units, seven 2BR/1BA units and four commercial suites. Just 0.2 miles to Farmer Joe's with easy access to I-580 and Fruitvale BART.

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Home facts

  • Year built:1950
  • Subdivision & Development:OAKLAND
  • Listing ID #:41149663
  • Added:1 day(s) ago
  • Updated:September 29, 2026 at 04:45 AM

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1950
  • Lot area:0.46 Acres
  • Construction Materials:Stucco, Wood Siding

Finances and disclosures

  • Price:$3,525,000

Parking

  • Total parking spaces:14
Based on information from California Regional Multiple Listing Service, Inc. as of September 29, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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