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2802 38th Ave, Oakland, CA 94619

$799,888 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Grace Nguyen | graceznguyen11@gmail.com
Lic#: 01976505
Broker: Courtesy of Realty ONE Group Future
Phone: 510-304-0888

Agent Remarks

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.

Listing Details

Property type: Quadruplex (Multi-Family)

Status: Active

MLS# 41132978

Price: $799,888

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1925

0.08 acres

Lot size: 0.0802

Subdivision: ALLENDALE

County: Alameda

Construction: Concrete,Stucco,Wood Siding

Appliances: Gas Water Heater

Parking description: Carport

Lot description: Corner Lot

Heating description: Electric,Natural Gas

Last Updated: 5/7/2026

Days On Market (DOM): 55

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Lat/Long: 37.786234, -122.205357.
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