2802 38th Ave, Oakland, CA 94619

Oakland
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
2802 38th Ave,Oakland, CA 94619
$799,888
  • 7 Beds
  • - Baths
  • 3,171 sq. ft.
  • Multi-family
  • Active
Listed by: grace nguyen
Office: realty one group future925-230-0700
MLS#:41132978
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$799,888
  • Price per sq. ft.:$252.25

About this home

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...

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Home facts

  • Year built:1925
  • Listing ID #:41132978
  • Added:59 day(s) ago
  • Updated:June 28, 2026 at 09:18 PM

Rooms and interior

  • Bedrooms:7
  • Flooring:Carpet, Concrete, Laminate, Tile
  • Living area:3,171 sq. ft.

Heating and cooling

  • Cooling:Room Air
  • Heating:Electric, Natural Gas

Structure and exterior

  • Year built:1925
  • Building area:3,171 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Quadruplex
  • Construction Materials:Concrete, Frame, Shingle Siding, Stucco, Wood, Wood Siding
  • Exterior Features:Corner Lot

Utilities

  • Water:Public

Finances and disclosures

  • Price:$799,888
  • Price per sq. ft.:$252.25

Features and amenities

  • Appliances:Gas Water Heater
  • Amenities:Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars

Parking

  • Parking description:Carport, No Garage, On Street, Uncovered Parking Space
  • Garage:Yes
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at June 28, 2026

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