Home | Alameda County | Oakland | 94619 | 2802 38th Ave
MLS: CC41132978 | Status: Active | Price: $799,888
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,171 | 3,493 | 1925 |
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.
| Field | Value |
|---|---|
| MLS # | CC41132978 |
| MLS Source | Contra Costa Association of Realtors |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Flooring | Carpet - Wall to Wall, Concrete, Laminate, Tile |
| Heating | Electric, Gas |
Grace Nguyen
Realty ONE Group Future
License #: 01976505
Phone: (510) 304-0888
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 525 | – | 0/0 | $1,592 |
| 2 | 845 | 2 | 0/0 | $2,300 |
| 3 | 448 | 2 | 0/0 | $1,191 |
| 4 | 901 | 3 | 0/0 | $2,450 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Allendale Elementary School | public | K-5 | 0.15 mi | 1 |
| Global Family School | public | K-5 | 0.55 mi | 5 |
| Melrose Leadership Academy | public | K-8 | 0.58 mi | 7 |
| Laurel Elementary School | public | K-5 | 0.65 mi | 4 |
| Life Academy | public | 6-12 | 0.69 mi | 5 |
| United For Success Academy | public | 6-8 | 0.69 mi | 2 |
| Fruitvale Elementary School | public | K-5 | 0.82 mi | 2 |
| Fremont High | public | 9-12 | 0.83 mi | 2 |
| Horace Mann Elementary School | public | K-5 | 0.86 mi | 1 |
| Bret Harte Middle School | public | 6,7,8,9 | 0.90 mi | 3 |
| Urban Promise Academy | public | 6-8 | 1.07 mi | 2 |
| Sequoia Elementary School | public | K-5 | 1.09 mi | 7 |
| Manzanita Community | public | K-5 | 1.11 mi | 1 |
| Manzanita SEED | public | K-5 | 1.12 mi | 4 |
| Redwood Heights Elementary School | public | K-5 | 1.31 mi | 9 |
| Bridges Academy at Melrose | public | K-5 | 1.31 mi | 2 |
| Epic Charter | public | 6-8 | 1.47 mi | N/A |
| International Community School | public | K-5 | 1.48 mi | 5 |
| Think College Now School | public | K-5 | 1.48 mi | 3 |
| Frick United Academy of Language | public | 6-8 | 1.53 mi | 1 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1720 46th Ave | $684,999 | – | – | 1,400 | Active |
| 6504 Bancroft Ave | $645,000 | – | – | 1,906 | Active |
| 3012 Minna Ave | $699,000 | – | – | 1,364 | Active |
| 2628 22nd Ave | $650,000 | – | – | 1,672 | Active |
| 3434 California St | $850,000 | – | – | 3,500 | Active |
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This listing information is up-to-date as of April 30, 2026. For the most current information, please contact Grace Nguyen, (510) 304-0888.