3128 Fruitvale Ave
Oakland, CA 94602
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Bed
0
Bath
20,000Sqft(Lot)
Renovated with huge upside: ownership has invested $492,707 in improvements since 2018, yet eight of the 14 apartments still rent below $1,300 a month, leaving 53% upside to market. The work includes six gut-remodeled units, new copper plumbing and a heat pump water heater, a sewer lateral, main electrical panels, a roof and a new parking lot. The property is Soft Story and SB 721 compliant. Offered at $3,525,000, a 6.02% current cap and 10.13 GRM, growing to a 10.36% cap and 6.69 GRM at market rents. This 18-unit mixed-use property in Oakland's Dimond District offers 14 apartments and 4 commercial storefronts across three buildings on a 20,000 SF lot with 14 surface parking spaces. The unit mix is seven 1BR/1BA units, seven 2BR/1BA units and four commercial suites. Just 0.2 miles to Far
Property Details
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Features
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Heating & Cooling
Has Heating: Yes Heating: NaturalGas Has Cooling: Yes Cooling: SeeRemarks
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Building Information
Year Built: 1950Construction Materials: Stucco, WoodSidingPrivate Pool: No
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Lot Information
Main Square Feet: 20000 Lot Size Acres: 0.4591 Lot Size Square Feet: 20,000Property Information
Subdivision: OAKLAND Source Property Type: ResidentialIncome Property Age: 76
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Listing Price Information
Listing Price: $3525000
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Parking Information
Parking Total: 14
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Location Information
Direction: Cross Street: School St.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3434 California St, Oakland, CA, 94602 | $850,000 | 7 | 4 | -- | 5,398 Sq. Ft |
| 3264 Kansas, Oakland, CA, 94602 | $799,000 | -- | -- | -- | 5,680 Sq. Ft |
| 3019 Florida St, Oakland, CA, 94602 | $599,000 | -- | -- | -- | 4,000 Sq. Ft |
| 2508 Damuth St, Oakland, CA, 94602 | $1,175,000 | 9 | 5 | -- | 5,000 Sq. Ft |
| 1024 Elsinore Ave, Oakland, CA, 94602 | $1,249,900 | 5 | 3 | -- | 4,400 Sq. Ft |
| 3431 Wilson Ave, Oakland, CA, 94602 | $824,000 | 3 | 5 | -- | 6,500 Sq. Ft |
| 3134 Pleitner Ave, Oakland, CA, 94602 | $1,450,000 | 13 | 10 | -- | 7,500 Sq. Ft |
| 2550 Pleasant St, Oakland, CA, 94602 | $749,000 | 4 | 3 | -- | 2,551 Sq. Ft |
| 2525 E 29th St, Oakland, CA, 94602 | $998,000 | 3 | 2 | -- | 14,915 Sq. Ft |
Similar Multifamily To 3128 Fruitvale Ave
Nearby For Sale
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ByOwner last updated this listing 10/03/2026 @ 23:13
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