2802 38th Ave, Oakland, CA 94619
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Travis Breton

Travis Breton

+1(760) 470-2752
$ 799,888
Est. payment | /mo

3,493 Sqft Lot

Save
$ 799,888
Est. payment | /mo
Save

3,493 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Allendale

MLS Listing ID 41132978

HOA Y/N No

Year Built 1925

Lot Size 3,493 Sqft

Property Sub-Type Quadruplex

Property Description

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.

Location

State CA

County Alameda

Interior

Heating Electric, Natural Gas

Flooring Carpet, Concrete, Laminate, Tile

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features Carport

Total Parking Spaces 1

Building

Lot Description Corner Lot

Others

Tax ID 32205431

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Grace Nguyen Realty ONE Group Future #01976505

Nearby Locations

Travis Breton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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2802 38th Ave

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