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Listed by Grace Nguyen, DRE #01976505 • Realty ONE Group Future
$ 799,888
Est. payment /mo
New
2802 38th Ave Oakland, CA 94619
7 Beds
3 Baths
3,171 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,171 sqft
Price per Sqft $252
MLS Listing ID CC41132978
Bedrooms 7
Year Built 1925
Lot Size 3,493 Sqft
Property Sub-Type Fourplex
Source Contra Costa Association of Realtors
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.
Location
State CA
County Alameda
Area Oakland Zip Code 94619
Interior
Heating Gas, Electric
Flooring Laminate, Tile, Carpet - Wall to Wall, Concrete
Exterior
Exterior Feature Concrete, Stucco, Siding - Wood , Wood Frame
Garage Spaces 1.0
Building
Water Heater - Gas
Others
Tax ID 32-2054-31
Special Listing Condition New
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