2802 38th Ave, Oakland, CA 94619
- $799,888
- 7
- BD
- 3,171
- SqFt
Listed by Grace Nguyen, (510) 304-0888 from Realty ONE Group Future
(If provided) CoList: from
- List Price
- $799,888
- MLS#
- CC41132978
- Status
- ACTIVE
- Sqft. of Residence
- 3,171
- Lot Size
- 3,493
- Listing Area
- Oakland Zip Code 94619
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.
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Additional Information
- Acres
- 0.08
- Amenities
- Balcony/Patio, Window Covering(s)
- Exterior Features
- Concrete, Stucco, Siding - Wood, Wood Frame
- Floor Covering
- Laminate, Tile, Carpet - Wall to Wall, Concrete
- Heating System
- Gas, Electric
- Living Area
- 3,171
- Lot Size
- 3,493
- Neighborhood
- Oakland Zip Code 94619
- Numberof Units
- 4
- Unincorporated Yn
- Yes
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