2802 38th Ave
Oakland, CA 94619
7
Bed
4
Bath
3,493Sqft(Lot)
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 portfoli
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 0 -
Interior Features
Property Appliances: Gas Water Heater Flooring: Carpet,Concrete,Laminate,Tile -
Cooling Features
Air ConditioningHeating Source
Electric,Natural Gas Has Heating
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Building Information
Year Built: 1925 Construction: Concrete,Stucco,Wood Siding
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0802 -
Lot Size Source: Public Records Lot Size Square Feet: 3493
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Listing Price Information
Original List Price: 799,888 Listing Contract Date: 2026-04-30
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Tax Information
Parcel Number: 32205431
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Garage and Parking
Garage Description: CarportHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: Directions: Cross Street: 38th & Allendale. Source Property Type: Residential Income Property SubType: Quadruplex -
Building and Construction
Property Age: 101 Structure Type: Quadruplex Year Built Source: Vendor Enhanced
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2920 Morcom, Oakland, CA, 94619 | $849,000 | -- | -- | 2,293 | 2,293 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/09/2026 @ 05:57
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