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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Interior Features
Appliances: Gas Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Electric, Natural Gas Has Cooling: Yes
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Building Information
Year Built: 1925Construction Materials: Concrete, Stucco, Wood SidingPrivate Pool: No
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Lot Information
Main Square Feet: 3493 Lot Size Acres: 0.0802 Lot Size Source: Public Records Lot Size Square Feet: 3,493 Lot Description: Corner LotProperty Information
Subdivision: ALLENDALE Source Property Type: Residential Income Property SubType: Quadruplex Property Age: 101
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Listing Price Information
Listing Price: $799888
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Tax Information
Parcel Number: 32205431
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Virtual Tour
Parking Information
Parking Total: 1 Carport
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Location Information
Direction: Cross Street: 38th & Allendale.
How much is this property worth?
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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 |
| 3872 35th Ave, Oakland, CA, 94619 | $1,200,000 | 8 | 5 | -- | |
| 2924 Morcom Ave, Oakland, CA, 94619 | $1,050,000 | 5 | 4 | -- | |
| 3743 Suter St, Oakland, CA, 94619 | $970,000 | 4 | 4 | -- | |
| 2841 Octavia St, Oakland, CA, 94619 | $1,288,888 | 10 | 5 | -- |
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ByOwner last updated this listing 07/24/2026 @ 12:23
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