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:45 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

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
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